Listing ID: 82317
This Convenience Store with real estate located in Western Nebraska is for sale. It is located on the main throughfare and close to a major park. Building is over 1,700 square feet with a large lot of land. They have a large and loyal customer base. They sell snacks, beer, and liquor, and holds a liquor license. Tanks were new in 2000 and are fiberglass. There is a 10,000-gallon tank for no lead, a 6,000-gallon tank for Premium, and a 6,000-gallon tank for Diesel. All are Cathodic protected. Only liquor sold in this town. The business currently owns the real estate and should appraise for $220,000 and payments of $13k/year have been deducted from cash flow already in expectations that a buyer will want to purchase the real estate with the business. Owner is willing to train a new buyer during a transition period. Strict confidentiality rules will apply when you inquire on this Convenience Store for sale in Western Nebraska. All Real Estate transactions handled by a licensed Real Estate Broker. For more information call Roger Edgar or Ingrid Reynolds @ Sunbelt Business Advisors at 402-827-3190.
- Asking Price: $405,000
- Cash Flow: $172,649
- Gross Revenue: $1,172,906
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1979
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The company was started in 1979, making the business 43 years old.
The business has 3 employees and is situated in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine reason and the one they tell you may be 2 absolutely different things. As an example, they might say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in incomes, or an array of other factors. This is why it is extremely essential that you not count entirely on a vendor's word, but instead, make use of the seller's response together with your overall due diligence. This will repaint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover points such as stock, payroll, accounts payable, etc. Remember that in some cases this can suggest that earnings margins are too thin. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new consumers? Many times, operating businesses have repeat clients, which form the core of their everyday profits. Specific elements such as new competitors sprouting up around the area, road building, as well as staff turnover can influence repeat consumers as well as adversely affect future earnings. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning customer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? How might the local median family earnings impact future earnings prospects?