Listing ID: 76754
Business Overview
Description:
Well-established neighborhood Convenience Store with Type-20 Beer/Wine License. Originally established in 1991. The store features a Quick Serve Counter with a small kitchen serving Wings, Sandwiches, and Burgers. 12 Door walk-in cooler, Ice machine, Counters, sinks, and a variety of merchandise display and store fixtures. Buyers could benefit from extending business hours and introducing more diverse inventory including craft beers, healthy grocery options, and organic fruits and produce.
General Information:
Organization: Corporation | Square Footage: 2400 sq ft appr o x. | Licenses Required: ABC Type-20 Beer & Wine Lic (included & transferable, City Bus Lic, Health Permit, Sellers Permit, Tobacco Lic. | Days Open/Hours: 8 am to 10 pm 7 days | Reason for Sale: Other business interests
Lease Information:
Rent: $2100/m plus NNN (approx. $400/m)| Lease t erm: current lease ending Dec 31, 2025 plus two 5yr options.
Revenue:
Gross Sale: ~$45,000/month (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: $169,000
- Cash Flow: N/A
- Gross Revenue: $540,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: N/A
- Established: 1991
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller training available.
Other business interests.
Additional Info
The venture was founded in 1991, making the business 31 years old.
The sale shall not include inventory valued at $50,000*, which ins't included in the listing price.
The real estate is leased by the company for $2,600 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell companies. Nonetheless, the genuine factor and the one they tell you may be 2 absolutely different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in earnings, or a variety of other reasons. This is why it is extremely essential that you not count entirely on a seller's word, however rather, utilize the seller's response along with your general due diligence. This will paint a more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that profit margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back 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 agreements with vendors that should be satisfied or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new clients? Most times, companies have repeat consumers, which develop the core of their day-to-day earnings. Specific elements such as new competitors sprouting up around the area, roadway building and construction, and staff turn over can influence repeat clients as well as negatively impact future incomes. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the greater the chance to construct a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? How might the neighborhood mean family income influence future income prospects?
