Listing ID: 74098
Business Overview
$250,000 plus, Inventory for Connecticut, Southbury Area Liquor Store Business Only. $40,000 – $45,000 average merchandise sales per month with high margins. Located on a busy road in a heavily populated residential and commercial area. Seller to finance the inventory. Additional income from Lottery, ATM, Cigarettes and other rebates and commissions. Seller motivated and willing to make the right deal with the right owner operator and the right down payment. Great opportunity for the right owner operator or a family. 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.
Financial
- Asking Price: $250,000
- Cash Flow: $70,000
- Gross Revenue: $515,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $150,000
- Inventory Included: N/A
- Established: 2019
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,750
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
2,750 sq. ft. stand-alone building
2 weeks at no cost to buyer
Seller Downsizing due to family reasons.
Additional Info
The business was started in 2019, making the business 3 years old.
The sale shall not include inventory valued at $150,000*, which ins't included in the asking price.
The business has 1F 2PT 1M employees and is located in a building with estimated square footage of 2,750 sq ft.
The real estate is leased by the business for $4,700 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of other reasons. This is why it is very important that you not rely completely on a vendor's word, but instead, make use of the seller's response together with your general due diligence. This will paint a much more realistic image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that earnings margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new clients? Often times, companies have repeat customers, which develop the core of their day-to-day revenues. Certain aspects such as new competition sprouting up around the location, road building, as well as employee turn over can influence repeat customers and also negatively impact future profits. One essential point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the greater the chance to develop a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the local average household earnings impact future income potential?
