Listing ID: 75009
Busy local neighborhood Convenience Store Market is well established and has been operating for 15+ years. Positive Reviews on Google. This is a very clean and organized market fully stocked with assorted grocery, household, beer, wine, tobacco, and vape products with plenty of parking space. A local favorite in the surrounding area and has a loyal repeat customer base. For more information, please contact Seller’s Agent – Vinni Sapra via text/call at (480) 227-3184 or email to Vinni@wcibroker.com.
- Asking Price: $350,000
- Cash Flow: $134,700
- Gross Revenue: $1,400,000
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $60,000
- Inventory Included: N/A
- Established: 2003
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,300
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The company was started in 2003, making the business 19 years old.
The sale shall not include inventory valued at $60,000*, which ins't included in the suggested price.
The business has 3 employees and is located in a building with disclosed square footage of 2,300 sq ft.
The real estate is leased by the business for $4,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell businesses. Nonetheless, the real factor and the one they say to you may be 2 entirely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a range of various other factors. This is why it is really essential that you not depend entirely on a vendor's word, yet instead, make use of the seller's response together with your general due diligence. This will repaint a more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that earnings margins are too thin. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new consumers? Often times, operating businesses have repeat customers, which form the core of their everyday profits. Particular variables such as new competitors growing up around the location, road construction, and also staff turn over can affect repeat clients and adversely affect future revenues. One crucial point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the opportunity to build a returning client base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional median house income impact future earnings prospects?