Listing ID: 75054
Another Unique Opportunity to Purchase an Absentee Branded Gas Station with a Convenience Store with Liquor License #09 in Lake Havasu City with Property! Branded Gas Station includes New Tanks, Lines and Pumps! The Convenience Store includes the Sale of Fireworks Year-Round, Hot Food and Liquor. Located off Main Highway in Lake Havasu City! Requires proof of min $800,000 liquid funds. 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: $4,500,000
- Cash Flow: $339,781
- Gross Revenue: $2,464,297
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $100,000
- Inventory Included: N/A
- Established: 1992
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Downsizing Portfolio due to distance of locations.
The venture was started in 1992, making the business 30 years old.
The deal doesn't include inventory valued at $100,000*, which ins't included in the requested price.
The business has 6 employees and is situated in a building with estimated square footage of 3,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. However, the real factor vs the one they say to you may be 2 entirely different things. As an example, they might claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or a range of various other factors. This is why it is extremely crucial that you not count totally on a vendor's word, yet rather, utilize the seller's solution in conjunction with your general due diligence. This will paint a more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new clients? Many times, companies have repeat consumers, which create the core of their day-to-day revenues. Certain variables such as new competitors sprouting up around the area, road building and construction, and also employee turnover can influence repeat consumers as well as negatively affect future earnings. One important thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the greater the possibility to develop a returning client base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local typical household income influence future income prospects?