Listing ID: 79353
Location! Location! Location! Located walking distance from the Ocean this Convenience Store, Grocery, Beer & Wine Store, is close to all the Hotels & High Rise Condos. They have over 2500 sq ft floor space on a acre of prime Real Estate with the largest selection of Beer & Wine and Inventory and all is Included. Recently renovated, New AC, New Roof, New Ceilings, Newly Painted, lots of refrigeration and available Deli. This is a very busy C-Store offering Lotto, small grocery items, a large selection of Beer & Wine with year round customers. Real Estate is Included! Don’t Miss This Opportunity! Please refer to listing 730170124, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $1,050,000
- Cash Flow: $180,693
- Gross Revenue: $887,515
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $150,000
- Inventory Included: Yes
- Established: 1989
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Square Footage: 2,540 Building Type: Stand Alone
2 weeks training at no cost
Non Compete : Miles: 20 Years: 2
The business was started in 1989, making the business 33 years old.
The sale shall include inventory valued at $150,000, which is included in the requested price.
The business has 3 employees and resides in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. Nonetheless, the genuine reason vs the one they tell you may be 2 totally different things. For instance, they might claim "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, current reduction in profits, or an array of other factors. This is why it is really vital that you not rely totally on a seller's word, but instead, use the seller's response together with your overall due diligence. This will paint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover points such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that earnings margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also 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 suppliers that should be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new clients? Often times, businesses have repeat customers, which form the core of their day-to-day revenues. Particular factors such as new competitors sprouting up around the area, roadway building, as well as staff turnover can influence repeat customers and negatively impact future revenues. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the possibility to construct a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the regional median house income impact future revenue potential?