Listing ID: 76624
Excellent Opportunity to own a 9761 sqft Supermarket with Meat Dept, Produce, Full size Restaurant. Business, Liquor License, All equipment & fixtures, Commercial Real Estate, additional 2 Commercial Lot adjacent to the store, 1 Residential Lot behind the store are all included in the sales price as a package deal. Store is currently doing approximately $100,000 +/- in gross sales a month per seller. There is a huge upside potential by getting a good butcher for the meat department to help to run the meat department, Adding more inventory to the store, utilizing the store space better, renting or running the bakery department. Come and see the potential yourself. Also it does about $ 1.3 Million +/- in check cashing a month with 1% profit. That’s $13,000. additional income a month only from check cashing. Also additional income from Lotto, ATM, Money Services, Water ext. about $3000 a month. Restaurant is rented and brings additional $1200 a month rental income.
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: $1,800,000
- 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:9,761
- 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 kinds of reasons people resolve to sell businesses. Nonetheless, the true reason and the one they tell you might be 2 entirely different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, current reduction in incomes, or a range of various other reasons. This is why it is extremely crucial that you not depend entirely on a seller's word, however instead, utilize the seller's solution along with your overall due diligence. This will repaint a much more realistic picture of the business's existing situation.
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 operating businesses finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that revenue margins are too small. Numerous companies 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 think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new customers? Many times, businesses have repeat consumers, which form the core of their everyday earnings. Certain elements such as new competitors sprouting up around the location, road building and construction, and staff turnover can influence repeat consumers and also adversely impact future incomes. One vital point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the greater the possibility to develop a returning customer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the regional typical home income influence future income prospects?