Listing ID: 75028
Busy Liquor Store w/ Liquor License #09 and Drive-Thru is located in a high traffic area near a major Freeway Intersection. Area includes an adjacent brewery next door. This Liquor Store is well established with repeat business and fully stocked with a large assortment of beer, wine and liquor inventory. For more information, please contact Seller’s Agent – Vinni Sapra at via text/cell at (480) 227-3184 or email at firstname.lastname@example.org.
- Asking Price: $2,700,000
- Cash Flow: $545,976
- Gross Revenue: $2,700,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $300,000
- Inventory Included: N/A
- Established: 1984
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Moving out of country.
The company was founded in 1984, making the business 38 years old.
The deal shall not include inventory valued at $300,000*, which ins't included in the asking price.
The business has 4 employees and is situated in a building with approx. square footage of 2,500 sq ft.
The building is leased by the business for $3,792 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 totally different things. For instance, they may claim "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, current reduction in earnings, or an array of various other factors. This is why it is very important that you not rely absolutely on a vendor's word, yet instead, make use of the seller's solution together with your general due diligence. This will paint a much more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that profit margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in new customers? Most times, operating businesses have repeat customers, which create the core of their day-to-day profits. Certain factors such as new competitors growing up around the location, road construction, and also employee turn over can influence repeat consumers as well as adversely influence future incomes. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the chance to develop a returning client base. A last thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Just how might the regional median home income influence future income potential?