Listing ID: 73828
Asking $1,500,000, plus Inventory
Approved Bank Financials
Approx 2,000 sq ft C-Store, Large Lot
45 k outside
The Station was recently professionally renovated.
Close to Major Casino!
Sales can Increase Dramatically with In store Operator,
Store is currently run 100% by employees
Photo is a stock Photo is not actual Photo of the Property for Confidential Purposes
- Asking Price: $1,500,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,908
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
1,908 sq ft on 0.64 acres Located on a very Busy Street, very dense population
Owner will train
Operates other types of businesses, can't find time to manage the business
The venture was started in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nevertheless, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they may state "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or an array of other factors. This is why it is extremely essential that you not depend completely on a vendor's word, yet rather, make use of the vendor's answer combined with your overall due diligence. This will repaint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that revenue margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new customers? Most times, businesses have repeat consumers, which create the core of their daily revenues. Particular aspects such as new competitors sprouting up around the area, roadway building, as well as staff turnover can impact repeat customers and also adversely influence future earnings. One essential point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the greater the possibility to develop a returning client base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the local median home income impact future revenue prospects?