Listing ID: 76595
Absentee Owner. Excellent High Volume Liquor Store for sale in Fresno California. Excellent Lease terms. Motivated seller and he is willing to look at all reasonable offers.
Buyers Acknowledgment & Broker’s Disclosure: This business opportunity and/or real estate is listed by us and or it’s agent(s) (“Broker and/or it’s agent(s)”). Visitor (“Buyer”) fully understands that Broker or its agent(s) does not audit or verify any and all above mentioned information (not limited to sales, building size, lot size, margins, profits) given to or gathered by Broker or its agent(s) or make any warranty or representation as to its accuracy or completeness, nor in any way guarantee future business performance. Buyer is solely responsible to examine and investigate the Business, its assets, liabilities, financial statements, tax returns, and any other facts which might influence Buyer’s purchase decision or the price Buyer is willing to pay. Any decision by Buyer to purchase the Business shall be based solely on Buyer’s own investigation and that of Buyer’s legal, tax, and other advisers and not that of Broker or its agent(s). Any listing information may change at any time without any notice.
- Asking Price: $590,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, current reduction in revenues, or an array of various other factors. This is why it is extremely important that you not count completely on a seller's word, but instead, make use of the vendor's answer in conjunction with your overall due diligence. This will repaint an extra realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover points like stock, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that earnings margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new customers? Most times, businesses have repeat clients, which form the core of their everyday revenues. Certain factors such as brand-new competition growing up around the location, road building, and also staff turnover can affect repeat customers as well as adversely impact future revenues. One important point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the better the opportunity to develop a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? How might the neighborhood average house earnings influence future revenue prospects?