Listing ID: 76664
Convenience Store with Beer & Wine License. Upside potential with more inventory, money services, check cashing, adding deli and extending business hours. Asking price does not include the inventory amount, that will be plus. Very low rent. Motivated sellers, they are 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: $89,000
- 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 people choose to sell businesses. However, the real reason and the one they say to you might be 2 entirely different things. For instance, they may state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or a range of various other reasons. This is why it is extremely important that you not count absolutely on a seller's word, however instead, utilize the vendor's solution together with your general due diligence. This will repaint a much more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that earnings margins are too thin. Numerous companies come under 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 take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new consumers? Often times, companies have repeat clients, which develop the core of their daily earnings. Particular factors such as new competitors sprouting up around the area, road construction, and employee turn over can impact repeat consumers as well as adversely affect future revenues. One vital point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the chance to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the neighborhood average house earnings effect future revenue prospects?