Listing ID: 76636
Liquor Store with Commercial Property and a Rented House for $1,428,000 plus inventory. Rented house brings $2100 extra monthly rental income. Currently store doesn’t have a lottery. Huge upside potential by adding lottery, check cashing, money services, deli, ext. 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: $1,428,000
- 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 and the one they say to you might be 2 totally different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a range of other factors. This is why it is extremely essential that you not rely absolutely on a seller's word, but rather, make use of the seller's answer together with your overall due diligence. This will paint a much more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new consumers? Often times, companies have repeat customers, which form the core of their everyday profits. Specific variables such as brand-new competitors sprouting up around the area, roadway building and construction, and employee turnover can impact repeat clients and negatively impact future incomes. One essential point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the better the opportunity to construct a returning consumer base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local average household income effect future income potential?