Listing ID: 74856
Over 40 Years in business. Only convenience store on all 4 corners of a very busy signalized intersection. Once in a lifetime opportunity. This business will go fast. Call Now!
- Asking Price: $600,000
- Cash Flow: $200,000
- Gross Revenue: $1,200,000
- EBITDA: $150,000
- FF&E: $250,000
- Inventory: $100,000
- Inventory Included: N/A
- Established: 1978
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
other business ventures
Untapped potential. Bring your brightest ideas. Everything works with a location like this.
The business was established in 1978, making the business 44 years old.
The sale won't include inventory valued at $100,000*, which ins't included in the requested price.
The property is leased by the business for $3,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell companies. Nonetheless, the real reason and the one they tell you might be 2 entirely different things. For instance, they might say "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or an array of other reasons. This is why it is really crucial that you not depend totally on a vendor's word, but rather, utilize the vendor's solution combined with your overall due diligence. This will paint an extra sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too thin. Many 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 additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Most times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain elements such as new competition sprouting up around the location, roadway construction, and personnel turnover can impact repeat consumers and adversely affect future profits. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the greater the chance to construct a returning customer base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional average house earnings impact future income potential?