Listing ID: 75018
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 venture was started in 2003, making the business 19 years old.
The sale won't include inventory valued at $60,000*, which ins't included in the suggested price.
The business has 3 employees and resides in a building with approx. square footage of 2,300 sq ft.
The real estate is leased by the company for $4,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nonetheless, the genuine reason vs the one they tell you may be 2 totally different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, but instead, make use of the vendor's response in conjunction with your overall due diligence. This will repaint a more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover points like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that profit margins are too tight. Lots of businesses fall under 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 consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new consumers? Most times, businesses have repeat customers, which create the core of their day-to-day revenues. Certain elements such as new competition sprouting up around the location, road construction, and also employee turn over can affect repeat consumers and also adversely impact future profits. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the possibility to develop a returning client base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? How might the regional typical family income impact future income potential?