Listing ID: 82401
This well established Convenience Store provides fuel, grocery and tobacco products as well as prepared food for a variety of customers. Conveniently located in town with easy access and egress.
- Asking Price: $599,000
- Cash Flow: $73,743
- Gross Revenue: $897,235
- EBITDA: $73,743
- FF&E: $160,356
- Inventory: $35,800
- Inventory Included: N/A
- Established: 1979
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,536
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The store is well maintained and has a great reputation for being clean, friendly and accommodating. Being locally owned, with a wide selection of products has helped this business thrive. Fueling is easy and efficient under the well lit canopy. Access and egress is easy in all directions.
Support and Training can be provided to assure a smooth transition for new ownership.
While some competition exists, this store enjoys a loyal customer following and has successfully competed for years.
The venture was founded in 1979, making the business 43 years old.
The transaction won't include inventory valued at $35,800*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. However, the true reason and the one they say to you might be 2 completely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of various other factors. This is why it is really crucial that you not depend completely on a vendor's word, however instead, utilize the seller's answer combined with your general due diligence. This will paint a much more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover things like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that earnings margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new consumers? Most times, companies have repeat clients, which create the core of their everyday earnings. Specific aspects such as new competitors sprouting up around the area, road construction, and staff turnover can affect repeat clients as well as negatively impact future earnings. One important point to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business often, the better the chance to develop a returning customer base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the local average house earnings impact future revenue prospects?