Listing ID: 80542
Business Overview
Opportunity to own your Convenience Store. All set up -ready to go. Established C Store- Has grab and go facilities – Certified US Post Office for drop off Priority Mail. Store currently does food service grab and go with special. Business has added potential-deli, sandwiches, gourmet coffees, ice cream shop and the sky is the limit. Secured premises. Great Family Business.
Great Visibility -Good Traffic Flow. Metered Street parking directly in front and private parking area located in the back.
Easy to operate. Clean facility. SELLING PRICE IS NEGOTIABLE
PLEASE DO NOT VISIT STORE. MUST SCHEDULE APPOINTMENT PRIOR TO VISIT.
Financial
- Asking Price: $95,000
- Cash Flow: N/A
- Gross Revenue: $144,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2013
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:691
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Open Floor plan. Certified Commercial Kitchen, Private Restrooms plus two (2) Reserved parking stalls. Food Establishment Permit expiration 2022. Small Market. Retail Tobacco Permit. Selling price is NEGOTIABLE
Medical Reason
Established Customers. Ready to go. Excluding Seller's personal crafts.
Additional Info
The venture was established in 2013, making the business 9 years old.
The business has 1 employees and resides in a building with disclosed square footage of 691 sq ft.
The real estate is leased by the business for $3,600 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell businesses. Nevertheless, the true reason vs the one they tell you might be 2 absolutely different things. For instance, they might claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of various other factors. This is why it is very essential that you not count totally on a vendor's word, yet instead, utilize the vendor's solution together with your general due diligence. This will paint a much more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that revenue margins are too tight. Numerous businesses 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 obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new customers? Often times, businesses have repeat consumers, which create the core of their daily profits. Specific elements such as brand-new competitors growing up around the area, roadway building, as well as personnel turn over can affect repeat customers as well as negatively affect future revenues. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the greater the chance to develop a returning customer base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the local average family income influence future earnings potential?
