Business Overview

One or two persons can run store

Financial

  • Asking Price: $1,800,000
  • Cash Flow: $657,000
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $27,000
  • Inventory: $35,000
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:900
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Quick Stop Store

Is Support & Training Included:

1 week training

Purpose For Selling:

other business options

Pros and Cons:

Can add Video Gaming & small restaurant

Opportunities and Growth:

Busy Street

Additional Info

The venture was started in 2019, making the business 3 years old.
The sale will include inventory valued at $35,000, which is included in the requested price.

The business has 2 employees and is located in a building with disclosed square footage of 900 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. Nonetheless, the true factor vs the one they tell you may be 2 entirely different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competitors, current decrease in incomes, or an array of various other factors. This is why it is very vital that you not count entirely on a vendor's word, but rather, make use of the seller's response along with your overall due diligence. This will paint an extra practical picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too thin. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in new clients? Many times, companies have repeat customers, which develop the core of their day-to-day profits. Certain variables such as new competition sprouting up around the area, roadway building and construction, and employee turn over can impact repeat clients and negatively influence future revenues. One important point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business regularly, the better the chance to build a returning customer base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Exactly how might the local median house earnings influence future revenue prospects?