Listing ID: 80488
LONG LEASE AVAILABLE
2500 SQ FT
Monthly Inside Sales ARE $40,000
Additional Income from Lotto, ATM and Game Machine
New Owner Operator Can Increase Sales by Extending Operating Hours
Located on a Corner Lot with Multiple Entrances
Close Proximity to Multiple Residential Zones
Reviewed Online as a Convenient Neighborhood Grocery Store
Please call or email for more details.
- Asking Price: $139,000
- 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:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. Nevertheless, the true reason and the one they tell you may be 2 entirely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of other reasons. This is why it is extremely important that you not rely totally on a vendor's word, but rather, utilize the vendor's answer in conjunction with your general due diligence. This will repaint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering things like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too small. Numerous businesses fall 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 obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in new clients? Often times, businesses have repeat clients, which form the core of their daily profits. Certain aspects such as new competition growing up around the location, roadway construction, and employee turnover can influence repeat consumers as well as adversely affect future incomes. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the greater the chance to build a returning customer base. A last idea is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the neighborhood median household earnings impact future revenue prospects?