Listing ID: 82924
Business Overview
Sunbelt Business Brokers of Baton Rouge presents this long standing convenience store for sale in South Louisiana. Store has been in operation for over 6 decades. Store is located on a major thoroughfare through town with excellent visibility and access from the road. Store is also a convenient walk for many residents nearby. Business occupies 2 buildings approximately 2,300sqft and approximately 1,000sqft. Both included in the asking price with the real estate. Store has very dependable and long tenured staff. Store has a large and loyal customer base. Business does not have fuel sales but has lottery, liquor and beer license. Store is absentee owner operated.
Owner is ready to retire and has decided to sell. Seller will help train and transition new owner. Contact us today for more information on this long standing convenience store for sale. Come meet the owner, see the perfect fit for you, be impressed and make offer!
Owner also has a grocery store available for sale that owner would sell as a package with the convenience store. Owner may consider some seller financing for a qualified buyer with a substantial down payment. Grocery store is located in another town in South Louisiana within very reasonable driving distance of the convenience store.
Agent Gary Cowell is licensed to sell real estate in Louisiana. Gary is sponsored through Sunbelt Business Brokers of Baton Rouge, sponsoring broker Brandon Bourgeois 225-201-0202. Please contact Gary directly for more information at 225-201-0202.
Financial
- Asking Price: $1,500,000
- Cash Flow: $197,788
- Gross Revenue: $1,733,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 1967
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,300
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Available
Retirement
Additional Info
The company was founded in 1967, making the business 55 years old.
The sale shall include inventory valued at $20,000, which is included in the listing price.
The business has 4Ft employees and is located in a building with estimated square footage of 3,300 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. However, the real factor and the one they say to you might be 2 absolutely different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, current decrease in incomes, or an array of other reasons. This is why it is really vital that you not rely absolutely on a vendor's word, however instead, utilize the seller's answer together with your overall due diligence. This will repaint an extra reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that profit margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new customers? Most times, businesses have repeat customers, which create the core of their day-to-day earnings. Particular factors such as brand-new competitors growing up around the location, road building and construction, as well as staff turnover can affect repeat consumers as well as adversely impact future incomes. One vital point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business often, the better the chance to construct a returning customer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the regional typical family earnings influence future income prospects?
