Listing ID: 75063
Well Established Liquor Store with Drive Thru, high visibility located on a busy intersection on the west side of Phoenix. Drive Thru access on two sides. Price includes Liquor License #09. This liquor store is fully stocked with beer, wine, liquor, and smokes, specializing in keg rentals and convenience of processing orders via the drive thru window. For more information on this business contact Vinni Sapra at firstname.lastname@example.org or text/call at (480) 227-3184.
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: $2,490,000
- Cash Flow: $575,040
- Gross Revenue: $2,880,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $350,000
- Inventory Included: N/A
- Established: 1992
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The company was founded in 1992, making the business 30 years old.
The transaction shall not include inventory valued at $350,000*, which ins't included in the listing price.
The business has 5 employees and resides in a building with estimated square footage of 2,400 sq ft.
The real estate is leased by the business for $7,600 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. However, the true factor vs the one they tell you may be 2 entirely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competitors, current reduction in incomes, or a variety of various other factors. This is why it is really important that you not count totally on a vendor's word, yet instead, use the vendor's solution in conjunction with your overall due diligence. This will repaint a more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new clients? Most times, companies have repeat consumers, which form the core of their day-to-day revenues. Specific elements such as new competition growing up around the area, road building and construction, as well as personnel turn over can influence repeat clients as well as negatively affect future incomes. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the better the chance to develop a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local typical house earnings influence future earnings potential?