Listing ID: 77446
Exxon Gas Station with property for sale / US HWY 271 Texas
23,958 sqft lot with spacious 3600 sqft building and drive-thru! Drive-thru currently being used for a second register, great potential to use drive thru coffee or fast food!
Residential property also available for a bundle sale! Contact us for more information!
- Asking Price: $2,200,000
- 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 types of reasons individuals resolve to sell businesses. However, the real factor vs the one they say to you may be 2 entirely different things. As an example, they may claim "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a range of other reasons. This is why it is extremely vital that you not rely absolutely on a seller's word, but instead, use the seller's solution along with your total due diligence. This will repaint a much more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans in order to cover items like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that earnings margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments 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 should be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Often times, businesses have repeat clients, which develop the core of their daily profits. Specific variables such as brand-new competitors sprouting up around the area, road building and construction, as well as staff turnover can affect repeat consumers as well as adversely impact future revenues. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the greater the opportunity to build a returning client base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the regional typical household income impact future revenue prospects?