Listing ID: 73805
Downtown Columbus Location
Branded gas station with C- Store
Hi Rise freeway Sign
Twin Fuel Canopies
New Dispensers (4) MSD Emv Certified
New Ruby 2 POS system
New Developing prized Area
- Asking Price: $250,000
- Cash Flow: N/A
- Gross Revenue: $1,100,000
- EBITDA: $100,000
- FF&E: N/A
- Inventory: $65,000
- Inventory Included: N/A
- Established: 1993
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Hi Rise Sign 1800 Sq ft Convenience store 2 Fuel Canopies 4 Dispensers
1 week 25 hours
Great location, first gas station off freeway. Great Area, many new housing units being built nearby, Store needs expansion to accommodate new clients.
Freeway Signage Up and coming Area, many new commercial and housing units being built nearby, Add more grocery items to support neighborhood, possibly add drive thru in back lot
The company was founded in 1993, making the business 29 years old.
The transaction shall not include inventory valued at $65,000*, which ins't included in the requested price.
The business has 3 employees and is located in a building with disclosed square footage of 1,800 sq ft.
The property is leased by the company for $4,600 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nevertheless, the true reason and the one they tell you may be 2 completely different things. As an example, they may state "I have too many other commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a variety of various other reasons. This is why it is very important that you not depend totally on a seller's word, however instead, use the vendor's response along with your general due diligence. This will paint a more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover items such as supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that earnings margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise 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 have to be fulfilled or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in brand-new consumers? Often times, operating businesses have repeat customers, which form the core of their day-to-day earnings. Certain variables such as brand-new competition growing up around the location, roadway building and construction, and staff turn over can affect repeat clients as well as adversely impact future profits. One important point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the higher the chance to develop a returning client base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Just how might the neighborhood mean family earnings influence future revenue potential?