Listing ID: 73842
Vanlue Gas Station with Convenience Center plus building, real estate & expansion lots
(Ohio Main Highway Industrial Park Hub growing economic expansion region)
All Inquiries by Email
- Asking Price: $679,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:2,148
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
fixtures plus building & real estate sale
final retirement outstanding goodwill service history
land lot(s) expansion development..
The venture was established in 1997, making the business 25 years old.
The business has varies PT employees and is situated in a building with estimated square footage of 2,148 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell companies. Nonetheless, the true factor vs the one they tell you may be 2 totally different things. For instance, they might state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of various other factors. This is why it is very vital that you not count entirely on a vendor's word, but rather, make use of the seller's response together with your overall due diligence. This will paint a much more practical picture of the business's existing situation.
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 deal. Lots of businesses finance loans so as to cover things like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that profit margins are too tight. Many companies come under a revolving door of taking on debt as a way to pay back various 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 suppliers that have to be fulfilled or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new customers? Most times, businesses have repeat consumers, which form the core of their day-to-day earnings. Certain aspects such as new competition sprouting up around the area, roadway construction, as well as personnel turnover can influence repeat clients and negatively impact future revenues. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the opportunity to construct a returning consumer base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the regional average house income influence future earnings potential?