Listing ID: 80481
SELLING TWO BUSINESSES FOR $899K!
SAME OWNER SINCE 2006!
HIGH VOLUME STORES!
HIGH MARGIN STORES!
LOCATED ON A CORNER LOT IN EATONTON, GA
GAS STATION BUSINESS
NO COAM CONTRACT
Approximately 5000 SQ FT
Monthly Inside Sales Average $100,000
Monthly Lotto Sales Average$130,000
Monthly Outside Sales Average 50,000
3 Lotto Machines
Extra Income from ATM and Check Cashing
LIQUOR STORE BUSINESS
Approximately 3000 SQ FT
Monthly Inside Sales Average $150,000
High Margin Store
One out of Two Only Liquor Stores in Eatonton, GA
- Asking Price: $899,000
- 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
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:8,000
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
The company has 8 employees and is situated in a building with disclosed square footage of 8,000 sq ft.
The building is leased by the company for $18,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. Nevertheless, the real reason vs the one they say to you might be 2 completely different things. As an example, they may say "I have way too many other commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in profits, or a variety of other reasons. This is why it is extremely important that you not depend totally on a vendor's word, yet rather, utilize the vendor's answer together with your overall due diligence. This will paint a much more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that revenue margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new consumers? Most times, businesses have repeat clients, which form the core of their day-to-day earnings. Certain variables such as brand-new competition sprouting up around the area, roadway construction, as well as personnel turnover can impact repeat consumers as well as adversely impact future profits. One important point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the better the opportunity to build a returning consumer base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the neighborhood median household earnings influence future revenue potential?