Listing ID: 75036
Convenience Store and Smoke Shop available in Glendale located off a Major Freeway! This business is well established and has been operating for 40+ years previously as a Circle K location. A local favorite, this Convenience Store is very organized and includes assorted Grocery, Alcohol, Tobacco, Smoke Shop and much more. Newly installed 17-Door Cooler. Seller is in the process of adding a Drive-Thru and Food Stamps (EBT)! For more information, please contact Seller’s Agent – Vinni Sapra text/call to (480) 227-3184 or email to Vinni@wcibroker.com.
- Asking Price: $249,000
- Cash Flow: $113,160
- Gross Revenue: $660,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $60,000
- Inventory Included: N/A
- Established: 1981
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The company was established in 1981, making the business 41 years old.
The deal won't include inventory valued at $60,000*, which ins't included in the asking price.
The business has 3 employees and is situated in a building with disclosed square footage of 3,000 sq ft.
The real estate is leased by the company for $5,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell businesses. Nevertheless, the real factor vs the one they say to you may be 2 totally different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of other factors. This is why it is very important that you not depend completely on a vendor's word, however rather, use the seller's solution combined with your total due diligence. This will paint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover items like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that earnings margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally 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 need to be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new consumers? Often times, businesses have repeat consumers, which form the core of their day-to-day revenues. Certain factors such as new competition sprouting up around the location, roadway construction, as well as staff turnover can affect repeat clients and negatively affect future revenues. One essential thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the greater the possibility to build a returning consumer base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the regional median home income influence future earnings potential?