Listing ID: 74045
$950,000 Plus Inventory for Florida, Winter Haven Area Branded Gas Station Business & Property. Seller to provide financial information for qualified buyers upon meeting. Seller will finance for 20 years with 35% down payment. Located in a heavily populated residential and commercial area. Lots of potential for the right owner operator. Additional strong income from rebates, lottery, ATM, cigarettes and other rebates and commissions. Well established business with a strong reputation and good profits. Seller motivated and willing to make a deal with right buyer and the right down payment. Please “do not disturb the employees” and call The Saleh Group at 614-500-8500 for more information and showings or visit us online at http://www.salehgroup.com.
- Asking Price: $950,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
2,000 sq ft stand alone building
2 weeks training at no cost to buyer
The venture was founded in 2004, making the business 18 years old.
The deal shall not include inventory valued at $50,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. Nevertheless, the true reason and the one they say to you might be 2 completely different things. As an example, they may state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or a variety of various other factors. This is why it is very important that you not count entirely on a vendor's word, however instead, use the seller's solution combined with your general due diligence. This will repaint a much more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that revenue margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their everyday profits. Specific aspects such as brand-new competition sprouting up around the location, roadway building, and staff turn over can affect repeat clients as well as negatively affect future revenues. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the possibility to build a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the regional median family income effect future income potential?