Listing ID: 74082
$2,500,000 Plus Inventory for Florida, Orlando Area Branded Gas Station Business & Property. SELLER TO FINANCE THE RIGHT BUYER WITH EXPERIENCE AND THE RIGHT DOWN PAYMENT. Branded gas station however NO SUPPLY AGREEMENT. Financials to be presented to qualified buyers after submitting NDA. Lots of exposure. Profitable operation. Additional income from UHAUL, Car Wash, Auto repairs, lottery, air pump, Cigarette and other rebates and commissions. Large 1.75 acres lot. Large C Store with lots of potential for adding food operation which is much needed and will increase profitability. Land available to add a hotel or other projects such as storage facilities. Will established business with a strong reputation. Great opportunity for the right owner operator or a family. Motivated seller which will help with financing. Please “do not disturb employees” and call JOHN PRICE REALTY. The Saleh Group at 614-500-8500 for more information and showings or visit us online at http://www.salehgroup.com.
- Asking Price: $2,500,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:6,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
6,000 sq. ft. Stand Alone Building on 1.4 acres
2 weeks at no cost to buyer
The venture was established in 2002, making the business 20 years old.
The transaction doesn't include inventory valued at $50,000*, which ins't included in the asking price.
The company has 7 PT 1 M employees and is situated in a building with disclosed square footage of 6,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of altering demographics, increased competitors, current decrease in revenues, or an array of various other factors. This is why it is extremely important that you not depend totally on a seller's word, but instead, use the vendor's solution in conjunction with your general due diligence. This will repaint a much more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too thin. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract new customers? Often times, companies have repeat clients, which form the core of their everyday earnings. Certain factors such as brand-new competitors sprouting up around the location, roadway building, as well as employee turn over can impact repeat clients as well as negatively affect future revenues. One important thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the higher the possibility to build a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the regional average family earnings impact future earnings prospects?