Listing ID: 78676
Love coming to work in this quaint,bustling country market! Very busy deli area and brewed in-house coffee. This 3,800sf is great for quick in/out service, but is also great for browsing unique items as well as shopping for staples.The atmosphere here is one of comfort and friendship. Please note, this site was a convenience store for many years, but had been closed for a time when this seller purchased it.
- Asking Price: $185,000
- Cash Flow: N/A
- Gross Revenue: $1,200,000
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $85,000
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,500
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Newer freezers and refrigerators, renovations to the area in 2019, farmer's porch adds quaintness to the idea of a country market. Parking both on site and on street. (Home Based)
Owner will train and introduce buyer to regular customers, vendors and sub-lessee, Time and compensation will be negotiable.
This market is the only one in this section of the city.
If owner were to stay, he would add an ice-cream service area to the existing space as there is no such place in this section of the city either.
This Business Is Home Based
The venture was started in 2020, making the business 2 years old.
The deal doesn't include inventory valued at $85,000*, which ins't included in the suggested price.
The company has 3 employees and is located in a building with estimated square footage of 5,500 sq ft.
The real estate is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the true reason vs the one they say to you may be 2 completely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or a range of various other reasons. This is why it is really crucial that you not depend absolutely on a vendor's word, but rather, make use of the seller's solution together with your total due diligence. This will paint an extra sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover points like stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that revenue margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new clients? Many times, businesses have repeat consumers, which form the core of their day-to-day profits. Certain factors such as new competition sprouting up around the location, roadway building and construction, as well as personnel turn over can influence repeat consumers and negatively affect future revenues. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the higher the opportunity to construct a returning client base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the local average family earnings impact future revenue prospects?