Listing ID: 73367
High volume convenience store with drive thru available For Sale. Sales have increased year over year by roughly 12% for the past three years. Great access with very affordable lease rate and increases. C-store is roughly 1,200 sf and the drive thru is roughly 1,200 sf and equipped with multiple coolers, display cases, racking and storage. There is parking in the front and rear of the space as well as a central grease trap should buyer want to add food options. FF&E and Liquor License comes with the purchase. Since there are no new licenses being issued in this market, the market value of the license is $90,000, and the market value of the business is $410,000. This is an active operation and showings can only be scheduled through the Broker. Please Do Not Disturb the Employees. Financial information will be made available with a signed Confidentiality Agreement and proof of funds.
- Asking Price: $500,000
- Cash Flow: N/A
- Gross Revenue: $1,200,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller will stay with the business to assist with training the Buyer and introduce them to vendors and customers for 30 days. Seller will stay on for a longer period at a rate and terms to be discussed between Buyer and Seller.
Very little competition in the market
Plenty of growth opportunities with this space. Buyer can open up the c-store portion of the space and add fresh and prepared foods along with other groceries.
The venture was founded in 2012, making the business 10 years old.
The property is leased by the company for $3,200 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell companies. However, the true reason and the one they say to you might be 2 totally different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or an array of other reasons. This is why it is extremely crucial that you not depend entirely on a vendor's word, yet rather, make use of the seller's solution in conjunction with your overall due diligence. This will repaint an extra realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover things like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that earnings margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in brand-new customers? Often times, businesses have repeat consumers, which form the core of their everyday profits. Specific elements such as new competitors sprouting up around the area, road building, as well as staff turn over can impact repeat customers and also adversely impact future profits. One crucial point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to build a returning client base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the local typical home income effect future income potential?