Listing ID: 73826
Auto drive thru convenience center with building land & real estate location on main 4 lane highway traffic route access to top Akron suburban growth economic centers
All inquiries only by Email
- Asking Price: $599,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
all fixtures, equipment plus building, land & real estate sale inclusive
upon request with final purchase
final retirement outstanding goodwill service history
The venture was founded in 2001, making the business 21 years old.
The business has 1 part time employees and is located in a building with estimated square footage of 4,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 completely different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is extremely essential that you not count completely on a vendor's word, yet rather, make use of the vendor's response along with your total due diligence. This will paint a much more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering items such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that revenue margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new clients? Many times, operating businesses have repeat clients, which form the core of their daily profits. Specific elements such as brand-new competition sprouting up around the area, road construction, and also staff turnover can affect repeat consumers as well as negatively impact future revenues. One essential point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the better the possibility to develop a returning customer base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the regional average home income impact future revenue prospects?