Listing ID: 76642
Business Overview
Description:
This Convenience Store is a part of a nationwide chain of Major Franchise with 1600+ stores across the United States. Located on a corner lot with easy egress and ingress from the wide-open parking lot in front. This business neighbors with residential housing, which makes it a go-to place for its local residents, and commuters. Highly lucrative and sought-after business opportunity. Currently under Semi-Absentee ownership. Tons of upside potential for an owner-operator.
Equipment: As per the Franchise Agreement. All furniture, fixtures, and equipment are owned by Franchise.
General Information:
Organization: Corporation | Square Footage:2200 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, obacco License, and ABC Type-20 Beer Wine Lic.. (Included & Transferable) |
Hours: 6 am – 2 am | Reason for Sale: Other Business Interests |
Franchise Fee $70,000 and Inventory approximately $50,000 is in addition to the asking price.
Lease Information:
Rent: No Rent. Franchise Royalty 17%.
Lease Term: As per Franchise Agreement.
Revenue:
~$116,000/Month plus.
(As per seller, not verified by the Broker)
Financing: All Cash
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Financial
- Asking Price: $199,500
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: N/A
- Established: N/A
Franchise Training
Other Business Interests
Additional Info
The transaction doesn't include inventory valued at $50,000*, which ins't included in the suggested price.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. Nevertheless, the genuine reason and the one they say to you may be 2 absolutely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a range of various other factors. This is why it is very crucial that you not count absolutely on a seller's word, but instead, make use of the vendor's answer in conjunction with your overall due diligence. This will repaint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover things such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that profit margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in new customers? Many times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Particular elements such as new competition growing up around the location, road building and construction, and personnel turnover can impact repeat clients as well as adversely impact future earnings. One important point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning client base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood mean household earnings impact future income prospects?
