Listing ID: 75047
Chevron Branded Gas Station with Market and Property located on a Busy Corner in Lake Havasu City available for sale! Includes Brand New Tanks, Lines and Pumps! The Gas Station is High Volume and is the neighborhood favorite. The Market is a one stop shop for Groceries, Snacks, and includes Liquor License #10. Room to grow by adding Hot Food and increasing open store hours. Seller runs this business Absentee. A great opportunity to own the Business and the Real Estate! Please contact Vinni Sapra via email at email@example.com or text/call to (480) 227-3184
- Asking Price: $2,200,000
- Cash Flow: $367,800
- Gross Revenue: $2,760,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $90,000
- Inventory Included: N/A
- Established: 1992
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Too far to manage.
The venture was founded in 1992, making the business 30 years old.
The deal won't include inventory valued at $90,000*, which ins't included in the asking price.
The business has 3 employees and is situated in a building with disclosed square footage of 2,400 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell companies. However, the genuine reason vs the one they tell you might be 2 totally different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, current reduction in revenues, or a range of other reasons. This is why it is really crucial that you not count entirely on a seller's word, yet rather, utilize the seller's response along with your total due diligence. This will paint a much more realistic image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that profit margins are too small. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new customers? Often times, businesses have repeat clients, which create the core of their daily revenues. Certain factors such as new competition growing up around the area, road building and construction, as well as employee turnover can affect repeat consumers as well as negatively impact future revenues. One essential thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business often, the greater the chance to develop a returning client base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood typical house income effect future earnings prospects?