Listing ID: 74053
$220,000 Plus Inventory for California, Walnut Area Branded Circle K Convenience Store Business Only. $50,000-$55,000 average merchandise sales per month with higher margins. Updated 2500 SF C Store and Property. Newer Equipment and fixtures. 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 www.salehgroup.com.
- Asking Price: $220,000
- Cash Flow: $110,000
- Gross Revenue: $680,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
2,500 sq ft stand alone building
2 weeks training at no cost to buyer
The venture was established in 2019, making the business 3 years old.
The deal doesn't include inventory valued at $50,000*, which ins't included in the requested price.
The business has 1 FT 4 PT 1 M employees and is situated in a building with disclosed square footage of 2,500 sq ft.
The property is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. However, the real factor and the one they tell you might be 2 entirely different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of other factors. This is why it is very vital that you not count entirely on a seller's word, yet rather, utilize the vendor's answer combined with your general due diligence. This will repaint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover points like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that earnings margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new customers? Many times, companies have repeat customers, which form the core of their daily earnings. Particular aspects such as brand-new competition sprouting up around the area, roadway construction, and staff turnover can influence repeat consumers and also negatively influence future profits. One vital point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business often, the greater the chance to develop a returning client base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Exactly how might the regional median household income impact future income prospects?