Listing ID: 76472
For sale is a 46 year old liquor store in Morrison, Colorado, which is the last stop before the turn to Red Rocks. This business opened in 1975 and has been under the current ownership since 1992.
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- Asking Price: $115,000
- Cash Flow: $53,665
- Gross Revenue: $523,875
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $50,000
- Inventory Included: N/A
- Established: 1975
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The company was founded in 1975, making the business 47 years old.
The deal won't include inventory valued at $50,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 totally different things. For instance, they may claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, current reduction in profits, or an array of other reasons. This is why it is extremely essential that you not rely totally on a seller's word, however instead, utilize the seller's answer along with your general due diligence. This will repaint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that earnings margins are too tight. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new consumers? Many times, companies have repeat customers, which develop the core of their day-to-day profits. Specific factors such as new competitors sprouting up around the area, roadway construction, as well as personnel turn over can impact repeat customers and negatively impact future earnings. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the better the chance to develop a returning client base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? How might the local typical household income effect future revenue potential?