Listing ID: 77177
For 33+ years, This Market has been that very popular, local neighborhood convenience store where the drinks are always cold and always has that snack you’re looking for. They sell beer, wine, food and household items to the local community, as well as ATM and Lotto. The store is located on a well-traveled intersection, which generates a great deal of drive-in traffic. The location is surrounded by single family homes as well as many small retail stores which provide customers.
This Market is a well-maintained store, with many coolers to store cold product for the hot San Bernardino weather. There is one large walk-in cooler and one reach-in cooler (for cold drinks), as well as several reach-ins for ice cream, both pre-packaged and Thrifty tubs. The hot weather means fantastic cold food and drink sales, and the local community tends to purchase snacks one at a time, which means higher profit margins.
The current owner has two stores, the other one is near his home about 1 1/2 hours away. His children were working at both stores, but now off to college. So the owner has decided to downsize and operate the store near home. The Seller & one employee runs this Market profitability on autopilot, but there are many ways to improve revenue for a motivated Buyer. Add a liquor license to sell hard liquor, add a complete fountain drink section and coffee bar, or add a small meat department: there is no local competition for this.
If you’re looking for a neighborhood convenience store with a lot of growth potential, then this Market is the opportunity for you. Keep this branded the way its running now, or bring in your own successful brand; this location would make an excellent 7-11 or Circle K!! Reach out to the Agent today!!
- Asking Price: $399,000
- Cash Flow: $129,852
- Gross Revenue: $732,000
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $50,000
- Inventory Included: N/A
- Established: 1988
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The Market has newer equipment with lots of cooler doors Very Good Parking all around on a excellent high traveled busy corner location Has a nice long lease
Very EZ business to learn but seller will stay and train
Downsizing has another store near home
Prime location well stocked with high profit products
Great location to add a Hard Liquor License
The company was started in 1988, making the business 34 years old.
The sale doesn't include inventory valued at $50,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell businesses. Nevertheless, the true reason vs the one they tell you might be 2 totally different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competition, current decrease in incomes, or a range of other factors. This is why it is very crucial that you not count totally on a seller's word, however instead, use the vendor's solution together with your total due diligence. This will paint a much more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover points such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that revenue margins are too thin. Many organisations come 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 commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new clients? Many times, operating businesses have repeat clients, which form the core of their daily profits. Certain aspects such as new competitors sprouting up around the area, road construction, and also personnel turn over can affect repeat clients and negatively affect future profits. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business often, the better the opportunity to build a returning consumer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood average house earnings effect future income potential?