Listing ID: 81065

Business Overview

This is a well know convenience store that has been established for over 20 years. Support and Training will be outstanding ensuring a smooth transition. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. Inventory not included. Inventory count will be done 3 days prior to closing and buyer will purchase inventory at cost. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information or for a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at trent@fcbb.com.

Financial

  • Asking Price: $165,000
  • Cash Flow: N/A
  • Gross Revenue: $372,536
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $25,000
  • Inventory Included: N/A
  • Established: 1990

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 1,800 square feet with a total monthly rent of $2,500. Lease has one 10 year. Seller is active with 2 FT employees. Hours of operation are 9AM-10PM Mon-Sun. $25,000 in inventory not included in the asking price. Beer/Wine, Gaming Split license required.

Is Support & Training Included:

14 Days

Purpose For Selling:

Retirement

Additional Info

The venture was established in 1990, making the business 32 years old.
The transaction won't include inventory valued at $25,000*, which ins't included in the suggested price.

The business has 2 FT employees and resides in a building with estimated square footage of 1,800 sq ft.
The real estate is leased by the company for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell operating businesses. Nevertheless, the true factor vs the one they tell you may be 2 totally different things. As an example, they might state "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be reasons to try to hide the reality of altering demographics, increased competition, current decrease in revenues, or an array of other reasons. This is why it is extremely essential that you not rely absolutely on a seller's word, yet instead, use the seller's solution along with your general due diligence. This will paint an extra practical picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover things like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that profit margins are too small. Many organisations fall into a revolving door of taking loans 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 equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new consumers? Often times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Certain factors such as new competitors sprouting up around the location, road construction, as well as staff turnover can affect repeat consumers and negatively impact future revenues. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the higher the opportunity to construct a returning customer base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the regional median family income influence future revenue potential?