Listing ID: 82873
Sunbelt Business Brokers of Houma-Thibodaux presents this 15-year-old convenience store that offers gas, food and check-cashing revenue streams. Store is located in Terrebonne Parish on a busy street. Real estate is not included in the sale but the current owner will help with transition and setting up a lease since the seller is the landlord. Sale includes all FFE and inventory except lottery tickets (those go back to the commission) and gas in the tanks at the time of the sale (that gas can be purchased at cost from the owner). Owner started this business in 2006, but needs to focus on family and other business interests. Owner financing is available if the buyer has an acceptable amount to put down. The store features lots of repeat business and loyal customers. Currently open only 12 hours per day and numbers could be increased significantly if new owner chooses to increase hours and increase freshly cooked food offerings with the 375-square-foot updated kitchen area. The check cashing business does an average of 400K per month (not in total sales) netting the owner an average of 7K per month. The ATM machine also comes with the sale and nets up to $500 per month. Come see this store, meet the owner and make an offer.
- Asking Price: $250,000
- Cash Flow: $75,000
- Gross Revenue: $900,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $50,000
- Inventory Included: Yes
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Other business interests
The venture was founded in 2006, making the business 16 years old.
The transaction will include inventory valued at $50,000, which is included in the listing price.
The company has 3Ft 2Pt employees and is located in a building with approx. square footage of 3,000 sq ft.
The property is leased by the company for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. However, the real factor and the one they say to you may be 2 completely different things. As an example, they may state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competition, current reduction in profits, or a variety of other reasons. This is why it is extremely vital that you not depend completely on a seller's word, yet instead, make use of the vendor's answer along with your overall due diligence. This will repaint a much more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans in order to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that earnings margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise 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 should be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new consumers? Most times, operating businesses have repeat customers, which form the core of their daily profits. Certain aspects such as brand-new competition sprouting up around the location, road building and construction, as well as personnel turnover can impact repeat consumers and adversely influence future earnings. One essential point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business often, the better the possibility to construct a returning client base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the local mean home earnings influence future income prospects?