Listing ID: 76651
Newly remodeled Convenience Store with Beer & Wine License. Store is very clean and organized and currently doing around $45,000 a month in gross sales per seller. Lottery sales are not included in that amount. Huge upside potential for an owner operator, check cashing, more inventory, adding full deli, money services ext. will help to increase sales. According to the seller, there is about $800 monthly income from ATM machine. Seller does own the ATM machine so it’s not rental. 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: $229,000
- 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
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nonetheless, the real reason and the one they tell you might be 2 entirely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competition, current reduction in incomes, or a variety of various other factors. This is why it is really vital that you not count absolutely on a seller's word, but rather, use the seller's response together with your total due diligence. This will paint a more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover things like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that earnings margins are too thin. Numerous companies 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 obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new customers? Many times, businesses have repeat clients, which develop the core of their day-to-day earnings. Particular elements such as new competition sprouting up around the location, roadway construction, and employee turn over can affect repeat customers and also negatively impact future incomes. One important thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the higher the possibility to develop a returning client base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood median house income effect future revenue potential?