Listing ID: 73811
Lake County Main Highway Traffic Route Modern Gas Station C-Store Convenience
Beer – Wine – Tobacco – Lotto – Grocery – Retail – Propane – Moving Rentals – ATM
All inquiries only by Email
- Asking Price: $450,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1948
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,023
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
all fixtures, equipment, vending, ATM
upon request with final purchase and sale transaction
The company was founded in 1948, making the business 74 years old.
The business has part time employees and is situated in a building with approx. square footage of 2,023 sq ft.
The real estate is leased by the business for $4,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. However, the true factor and the one they tell you might be 2 completely different things. For instance, they might claim "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be justifications to attempt to hide the reality of altering demographics, increased competition, recent reduction in profits, or a variety of various other reasons. This is why it is really important that you not count entirely on a vendor's word, but instead, use the seller's solution along with your total due diligence. This will paint an extra reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many businesses borrow money so as to cover things like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that earnings margins are too small. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new clients? Often times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Certain factors such as brand-new competition growing up around the location, road construction, as well as employee turnover can impact repeat clients and also negatively impact future earnings. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the opportunity to develop a returning customer base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood average family income effect future revenue prospects?