Listing ID: 72988
2 acre land with 3 bedroom mobile home .
Store is very popular in the area as the local population
was served with love and respect by the owner operators for 10 years +
Now has a very loyal customer base.
Inside sale margins are excellent.
This is for sale by owners. Brokers Welcome.
Commission offered 3 %.
Please call Sanjeev ( owner ) @ 9109226795
If you are looking to Buy or Sell your Gas Station, Convenience Stores, Liquor store and any other business, look no further. Our experienced team has an extensive knowledge and networks to assist and guide you to buying and selling your next business opportunity. Call Rajesh Bhatia at (240) 643-4444 to get started. We look forward to working with you!
- Asking Price: $1,450,000
- Cash Flow: $180,000
- Gross Revenue: $2,500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $80,000
- Inventory Included: N/A
- Established: 1998
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,500
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
2 acre of land.Store is Remolded 2 years ago and Brand new Pumps and Branding done recently.Brand Marathon
2 week on site training shall be provided by the key employee and Owner will be available for telephonic consultancy for a reasonable period.
Nearest competition is 10 miles. The store is surrounded by single family houses.
Can add EBT and more variety of Food.
The venture was founded in 1998, making the business 24 years old.
The deal doesn't include inventory valued at $80,000*, which ins't included in the asking price.
The company has 4 employees and resides in a building with approx. square footage of 3,500 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 totally different things. As an example, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or a variety of various other factors. This is why it is extremely essential that you not count completely on a seller's word, yet rather, utilize the seller's answer together with your overall due diligence. This will repaint a more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that earnings margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new customers? Often times, operating businesses have repeat customers, which develop the core of their everyday revenues. Specific elements such as new competitors growing up around the area, road building, as well as personnel turnover can influence repeat customers and also negatively influence future revenues. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? How might the regional mean family income effect future revenue potential?