Business Overview

A fabulous liquor store strategically located. Same ownership for 20 years. Very Loyal customers and opportunity to grow.

Financial

  • Asking Price: $239,000
  • Cash Flow: N/A
  • Gross Revenue: $750,000
  • EBITDA: $300,000
  • FF&E: N/A
  • Inventory: $100,000
  • Inventory Included: N/A
  • Established: 2000

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,400
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Located in a busy shopping center. Easy to get in and out

Is Support & Training Included:

2 weeks

Purpose For Selling:

Owner retiring

Pros and Cons:

The store enjoys their unique clientele.

Opportunities and Growth:

Potential for growth

Additional Info

The business was started in 2000, making the business 22 years old.
The sale shall not include inventory valued at $100,000*, which ins't included in the listing price.

The business has 0 employees and is situated in a building with estimated square footage of 2,400 sq ft.
The real estate is leased by the business for $5,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell businesses. However, the real reason vs the one they say to you might be 2 totally different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or a variety of other factors. This is why it is really crucial that you not count totally on a vendor's word, yet rather, use the vendor's solution together with your overall due diligence. This will repaint a much more realistic picture of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering items like stock, payroll, accounts payable, etc. Remember that in some cases this can mean that earnings margins are too small. Lots of companies fall 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 may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in brand-new clients? Most times, companies have repeat clients, which create the core of their everyday profits. Specific elements such as brand-new competition sprouting up around the area, road construction, and also employee turnover can affect repeat clients as well as adversely affect future earnings. 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 highway? Obviously, the more people that see the business often, the greater the chance to develop a returning client base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? How might the regional typical house income effect future revenue potential?