Listing ID: 82093
Here is the fresh and clean grocery store that everyone desires to shop at. This store proudly serves the Sutherland, NE area and prides itself in offering the best grocery experience in town, and is backed by strong customer loyalty. The store is strategically located to be one of the first things everyone notices when entering Sutherland. An expansive deli and meat counter, updated large freezer and cooler area, and ample storage/warehouse area, are just a few of the great features this business has.
- Asking Price: $725,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:10,572
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. Nevertheless, the real factor and the one they tell you may be 2 absolutely different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or a range of other factors. This is why it is really important that you not rely absolutely on a seller's word, however rather, use the vendor's answer in conjunction with your total due diligence. This will repaint a much more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can indicate that profit margins are too thin. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new customers? Many times, companies have repeat consumers, which develop the core of their everyday earnings. Specific variables such as brand-new competitors sprouting up around the location, road construction, and also employee turn over can influence repeat consumers as well as adversely impact future incomes. One important point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business often, the greater the possibility to construct a returning client base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the local average household earnings effect future revenue prospects?