Business Overview

This is a profitable gas station and c-store with flexibility to operate as is, rebrand or redevelop the lot. Also listed in the NABOR MLS #1179777 by Brian O’Connell Keller Williams Market Pro Realty.

Financial

  • Asking Price: $2,199,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. However, the real reason and the one they tell you might be 2 totally different things. For instance, they might state "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of various other factors. This is why it is very vital that you not depend completely on a vendor's word, but instead, use the seller's answer in conjunction with your total due diligence. This will repaint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover things such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that profit margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be fulfilled or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in new clients? Often times, businesses have repeat clients, which develop the core of their daily earnings. Specific factors such as new competitors growing up around the area, road building and construction, and staff turnover can influence repeat clients and also adversely influence future profits. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business often, the better the opportunity to build a returning customer base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional median family earnings effect future income prospects?