Listing ID: 75075
Well Established Phoenix Convenience Store located on a Busy Street Corner with No Competition on the surrounding block. The store and parking lot are expansive and very organized. This store features a Beer Cave, Camera System and newly added Smoke Shop. New 120+ Residential Development coming soon behind the location. Next to Light Rail. This location is Semi-Absentee run. Seller Financing Negotiable. For more information, please contact Vinni Sapra via email at firstname.lastname@example.org or text/call to 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, Technology, Wholesale, 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: $425,000
- Cash Flow: $153,756
- Gross Revenue: $900,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $90,000
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,200
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The venture was established in 2001, making the business 21 years old.
The sale doesn't include inventory valued at $90,000*, which ins't included in the asking price.
The company has 2 employees and is situated in a building with estimated square footage of 3,200 sq ft.
The real estate is leased by the company for $6,537 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nevertheless, the true factor vs the one they say to you may be 2 entirely different things. As an example, they may state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a variety of other factors. This is why it is really important that you not depend totally on a seller's word, however rather, use the vendor's solution together with your overall due diligence. This will paint a much more practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover points such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that earnings margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new consumers? Many times, operating businesses have repeat customers, which form the core of their everyday profits. Particular elements such as brand-new competitors growing up around the area, roadway construction, and employee turnover can impact repeat customers and negatively influence future revenues. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the opportunity to build a returning client base. A last idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional median home earnings impact future income prospects?