Listing ID: 76596
Excellent opportunity to own your own Market with Deli and Beer & Wine License. Property is zoned C-2, you can add gas pumps on that property in the future. Store size is 3,904 sqft and the lot size is: 33,105 sqft, There are plenty of rooms on the lot to add gas pumps. Property and Business sold together for $1.5 Million plus inventory.
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: $1,500,000
- 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
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. However, the true reason vs the one they tell you may be 2 totally different things. As an example, they may state "I have way too many other commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or a variety of other factors. This is why it is really vital that you not depend completely on a seller's word, yet rather, use the seller's response combined with your overall due diligence. This will paint a more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that profit margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new consumers? Often times, companies have repeat consumers, which develop the core of their everyday revenues. Particular elements such as brand-new competitors growing up around the location, road building, and employee turn over can affect repeat clients and 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 concealed from the highway? Obviously, the more people that see the business regularly, the better the chance to construct a returning customer base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the local typical family earnings impact future revenue prospects?