Listing ID: 73834
ASKING $1,100,000.00 PLUS THE COST OF INVENTORY
** ADD LOTTERY , KENO AND GREATLY INCREASE TRAFFIC COUNT** THIS will add many thousands of NEW Customers !!**
BRANDED GAS STATION, AND SPORTS-BAR & RESTAURANT
NO COMPETITION NEARBY
This is Three (3) business in one location, Enjoy a Covit Free Business,INCREASE SALES
INCREASE BUSINESS BY: ADDING LOTTERY, KENO- DRIVE THRU AND DELIVERY of HOT FOOD, BEER & WINE, Add EBT ,
Great Margin from food and Beverage, and Beer , Wine & Liquor Sales
Coveted D1 & D5 Beer and Wine license
New Fuel Dispensers, EMV certified inside and out, gasoline & Diesel Sales
MONTHLY INSIDE SALES : $97,300. Margin 28.52%
MONTHLY GAS VOLUME. : 29,100 GAL Margin $0.28
Lottery Commission $ O.OO
ATM & Other Commision. $ 55,000
Year Built: 1996
Store Size: 5,280 sq ft
Acres: 0.72 AC
FUEL CONTRACT: 12/1/2028
TANK#1 – 6000 GAL FIBERGLASS 2/1/1992
TANK#2 – 6000 GAL FIBERGLASS 2/1/1992
TANK#3 – 6000 GAL FIBERGLASS 2/1/1992
- Asking Price: $1,100,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $75,000
- Inventory Included: N/A
- Established: 1996
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,280
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Beautiful large Store, 5280 sq ft, with Convenience, Kitchen , Large Sports-Bar with pool tables. On a busy cross road. Situated on Large 3/4 acre parcel. Plenty of on site parking
2 weeks at no cost to buyers
NO COMPETITION, for several miles away.favorite place for locals to enjoy a cold beer meet with friends and pick up food for dinner. Coveted D1 & D 5 Liquor licenses. Offering Alcoholic beverages for indoor consumption.
**ADD LOTTERY AND KENO, AND EBT ** , This will bring in thousands of new customers. ADD Drive up window and DELIVERY , for FOOD-BEER-WINE, Start billiard and dart Leagues.
The venture was founded in 1996, making the business 26 years old.
The sale shall not include inventory valued at $75,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 totally different things. For instance, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competition, recent reduction in earnings, or a range of various other reasons. This is why it is really essential that you not rely completely on a vendor's word, yet instead, utilize the seller's response along with your overall due diligence. This will paint a much more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover items like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that profit margins are too tight. Lots of businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new clients? Often times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain elements such as new competition growing up around the area, roadway building and construction, and also employee turnover can impact repeat customers and also adversely influence future incomes. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business regularly, the higher the opportunity to build a returning consumer base. A final idea is the general location demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the local mean family earnings effect future earnings potential?