Listing ID: 80875
Business Overview
Convenience Store with Fuel: This business has in operation since 1998. The current Owners purchase the business in May 2021 and were called back to their full-time job to work in person. They had planned to do more cosmetics and they just installed new pumps with touchless and EMV card transactions at pumps.
-Located at 324 3rd Street South Nampa, Idaho. Across from the Civic Center and Nampa City Hall.
-New Ruby POS system (2 registers) installed in 2018 with new credit card chip readers and with contactless/Apple Pay in-store.
-Food Prep capability with a commercial kitchen with a Hood System, along with all the supplies.
-Brand New: ATM, Safe, cash & coin counters, mini fridge for the hot case, Keurig coffee maker, computer and price gun.
-Inventory tracking system with remote access which can track live transaction, access all reports by phone, and track item price by camera barcode reading.
-Security camera system with 8 units that can monitor the entire inside and outside online (Web Cam).
-Street digital advertisement board with color support controlled from a PC. Also, a digital price sign board with remote control clicker.
-A 5 door walk-in cooler along with an additional 11 door + Beer Cave Design (80% complete).
-The cash flow and sales listed above are for 2021 combined from Jan.-April and May thru December.
-Inventory is not included and is to be purchased separately at closing.
-Shown by appointment only! Do not go in and bother or ask employees any questions!
Prospective Buyers must sign a Confidentiality Agreement as well as provide “Proof of Funding”.
This is a great opportunity for a new hands-on working Buyer to finish some cosmetic upgrades and end up with a good profitable operation!
Financial
- Asking Price: $639,500
- Cash Flow: $109,335
- Gross Revenue: $1,822,733
- EBITDA: N/A
- FF&E: $50,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1998
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
-Good traffic location just minutes off the freeway with traffic counts of 14,000 vehicles a day. -20,908 sq. ft. lot (.48 acres) with a 1,700 sq. ft. building, 60 sq. ft. shack, and a drive thru. -6 fueling stations (3 gas dispensers) with nozzles, 3 tanks (12,000 gallons each), and a covered canopy.
One week at no cost!
Owner has to go back to work in-person at full-time job!
Additional Info
The business was started in 1998, making the business 24 years old.
The company has 4 employees and resides in a building with disclosed square footage of 1,700 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell operating businesses. However, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they may state "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in incomes, or an array of other reasons. This is why it is really crucial that you not count absolutely on a vendor's word, yet rather, make use of the vendor's solution along with your total due diligence. This will paint a more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money in order to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that earnings margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in new consumers? Many times, companies have repeat consumers, which create the core of their everyday profits. Certain aspects such as brand-new competition growing up around the location, roadway building and construction, as well as personnel turnover can influence repeat clients and also negatively affect future revenues. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning customer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood average family earnings effect future income prospects?
