Listing ID: 76665
Business Overview
Commercial Real Estate and Business for Sale! .38 Special Discount Wine & Liquor in downtown Walsenburg, the Crossroads of Southern Colorado. Approx 2.8mm annual vehicle count at this high traffic location 1/2 block from Safeway on 7th/Hwy 160, with easy on street parking both directions. Numerous updates completed since 2017, including reroof in 2018, new exterior stucco, new main door and windows, new flooring and paint, finished back room, office and storage, new cooler condenser, regraded back parking lot and more. Trade fixtures including custom wine racks and decor included for a turn key business investment. The eastside wine room has a separate entrance on 7th, offering additional retail, tasting room or specialty food sale opportunities.
Great timing for investment in this emerging Southern Colorado market, with growth in both regional tourism and in-migration from front range and out of state. Just 1.6 miles from I-25, located between Pueblo and Trinidad, 1.5 hours from Colorado Springs, 3 hours from Denver. Financials available to qualified buyers.
Financial
- Asking Price: $495,000
- 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. Nevertheless, the genuine reason vs the one they say to you may be 2 completely different things. For instance, they may state "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be excuses to try to hide the reality of changing demographics, increased competition, current decrease in revenues, or a range of other reasons. This is why it is really vital that you not count totally on a vendor's word, yet rather, utilize the vendor's solution in conjunction with your general due diligence. This will repaint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover points such as stock, payroll, accounts payable, and so on. Remember that sometimes this can indicate that profit margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new consumers? Many times, businesses have repeat clients, which form the core of their daily earnings. Particular elements such as new competitors sprouting up around the location, roadway building, and also staff turnover can impact repeat consumers and adversely affect future incomes. One vital point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to build a returning customer base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the neighborhood average home income effect future revenue prospects?
