Listing ID: 75053
Tucson Convenience Store with LOW RENT! Busy local neighborhood Market is well established and has been operating for 25+ years. This is a popular market fully stocked with assorted grocery, alcohol and tobacco products with plenty of parking space. The only go to market in the surrounding area and has a large repeat customer base. This business has room to grow with great potential and low rent. For more information please contact Seller’s Agent – Vinni Sapra via text/call to (480) 227-3184 or email to Vinni@wcibroker.com.
If you are looking for a Business Valuation and/or to Sell your own Gas Station, Liquor Store, Convenience Store, Carwash, Restaurant, etc…, look no further. With decades of experience, established network of qualified buyers, and unmatched knowledge of the industry. Please call Vinni Sapra at 480-227-3184 to get started. Thank you. We look forward to working with you.
- Asking Price: $199,000
- Cash Flow: $160,760
- Gross Revenue: $660,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $65,000
- Inventory Included: N/A
- Established: 1992
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The business was started in 1992, making the business 30 years old.
The deal won't include inventory valued at $65,000*, which ins't included in the suggested price.
The business has 4 employees and resides in a building with estimated square footage of 2,000 sq ft.
The building is leased by the business for $1,200 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nonetheless, the real factor and the one they say to you may be 2 completely different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or a variety of various other factors. This is why it is very vital that you not depend completely on a seller's word, however rather, utilize the vendor's answer along with your general due diligence. This will repaint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too tight. Lots of organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new clients? Often times, businesses have repeat clients, which develop the core of their day-to-day earnings. Certain variables such as brand-new competition growing up around the location, roadway building, and also personnel turnover can impact repeat consumers as well as adversely impact future revenues. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the better the opportunity to develop a returning client base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood mean home income effect future earnings prospects?