Listing ID: 76597
Excellent location. Convenience Store/Market with Deli and Beer & Wine License is for sale. Call for more information.
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: $450,000
- 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:N/A
- 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 choose to sell businesses. However, the real reason vs the one they tell you might be 2 absolutely different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or an array of other reasons. This is why it is really vital that you not rely absolutely on a vendor's word, yet instead, use the seller's answer along with your general due diligence. This will repaint an extra reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering items like stock, payroll, accounts payable, etc. Remember that sometimes this can imply that revenue margins are too tight. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should 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 brand-new customers? Most times, operating businesses have repeat clients, which develop the core of their everyday revenues. Specific factors such as new competitors sprouting up around the area, road building and construction, as well as employee turn over can impact repeat clients and also adversely impact future revenues. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the greater the opportunity to construct a returning client base. A last idea is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the neighborhood mean family earnings influence future revenue prospects?