Business Overview

This is a company owned and operated c-store w/gas.

Annual
Gallons: 1,250,000
Inside Sales: $1,300,000
Other Income: $21,000

Financial

  • Asking Price: $3,200,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: $500,000
  • FF&E: N/A
  • Inventory: $75,000
  • Inventory Included: N/A
  • Established: 1997

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:3,162
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a 67,082 sf site with a 3,162 sf building. Plenty of parking.

Is Support & Training Included:

None

Purpose For Selling:

Corporate Disposition

Pros and Cons:

Casey's has been there for years and the numbers are still strong.

Opportunities and Growth:

Limited

Additional Info

The business was established in 1997, making the business 25 years old.
The sale doesn't include inventory valued at $75,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 totally different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in profits, or an array of various other reasons. This is why it is really vital that you not count completely on a vendor's word, but instead, utilize the seller's answer along with your total due diligence. This will repaint a much more reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that revenue margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new clients? Many times, operating businesses have repeat clients, which create the core of their day-to-day earnings. Specific elements such as brand-new competition growing up around the area, roadway construction, as well as personnel turn over can affect repeat clients and also negatively influence future revenues. One essential point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A final thought is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood median family earnings effect future income potential?