Listing ID: 76750
The Big 4 Country Store is located along Highway 12 which is also known as the Scenic Highway of Legends National Biway. This Country Store consists of 5 gas pumps and 1 High Flow Diesel pump, a General Store, Restaurant, Liquor Store, Carwash, Laundromat, 2 Apartments w/ 2 bedrooms & 1 bath each as well as a small home. Sitting on 4.85 beautiful acres along the Purgatory River w/ unbelievable views, breath taking sunrises, and wildlife abound. With the recent influx in residents as well as the New Elk Mine and the New Fisher’s Peak State Park the potential for this property is endless. Easy access from Highway 12 with the ability to turn rigs and/or RV’s around with ease. This is the only gas station, restaurant, and liquor store, between the City of Trinidad and the town of Segundo.
- Asking Price: $1,149,000
- 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
This Country Store consists of 5 gas pumps and 1 High Flow Diesel pump, a General Store, Restaurant, Liquor Store, Carwash, Laundromat, 2 Apartments w/ 2 bedrooms & 1 bath each as well as a small home.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. However, the true reason and the one they tell you may be 2 entirely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of other reasons. This is why it is very important that you not rely totally on a seller's word, but rather, use the seller's response along with your overall due diligence. This will repaint a much more sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that profit margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Many times, companies have repeat clients, which form the core of their daily earnings. Specific elements such as brand-new competition growing up around the location, road construction, and also personnel turnover can impact repeat clients and negatively impact future revenues. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the better the possibility to build a returning customer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Just how might the regional average family income effect future earnings prospects?