Listing ID: 75059
Very Unique Opportunity to Purchase an Extremely Busy Absentee Branded Gas Station with a Convenience Store, Car Wash and Laundromat with Property! Located in a Great Location! Branded Gas Station includes Brand New Tanks, Lines and Pumps. Seller advises High Margins at approximately $0.50 cent Margins on Fuel. Includes one of the Busiest Laundromats with 30+ Washer and Dryers. Car Wash includes (2) Fully Automatic Soft-Touch Car Wash Bays and (3) Self-Wash Car Wash Bays. Site is located close to Downtown Lake Havasu. Requires proof of min $1,000,000 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: $6,700,000
- Cash Flow: $836,914
- Gross Revenue: $3,906,322
- EBITDA: N/A
- FF&E: $300,000
- 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:7
- Furniture, Fixtures and Equipment:N/A
Downsizing Portfolio due to Distance of Locations.
The business was established in 1992, making the business 30 years old.
The transaction won't include inventory valued at $100,000*, which ins't included in the suggested price.
The company has 7 employees and resides in a building with estimated square footage of 3,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell companies. However, the real reason and the one they tell you may be 2 entirely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be justifications to try to hide the reality of altering demographics, increased competition, current decrease in incomes, or an array of other reasons. This is why it is very vital that you not depend completely on a seller's word, yet rather, utilize the seller's answer along with your overall due diligence. This will repaint a much more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new consumers? Most times, operating businesses have repeat consumers, which form the core of their everyday earnings. Certain factors such as brand-new competition sprouting up around the location, roadway building and construction, as well as employee turnover can influence repeat consumers and adversely impact future earnings. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to develop a returning client base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local mean house income effect future earnings prospects?