Listing ID: 83229
This well-established, profitable, liquor store is located in one of the most desirable cities on the Gulf Coast.
Having been owned and operated by the same family for over 20 years, the business is well established and has a fully trained staff of loyal and enthusiastic employees.
After years of successfully building the business from the ground up, the owners are ready to retire and pass this profitable business opportunity on to the right buyer. This opportunity is ideal for a hardworking professional with a background in food/beverage management or food/beverage business.
The store’s strategic location – right in the heart of where its customers live and work – is a big part of the store’s long record of success. Its close proximity to customers gives the new owner the chance to bring new energy to bolster the store and capture more customers and market share. Inventory and all fixtures and equipment are a part of the selling price, as well as a sufficient training period to assist the new owner to continue this profitable growth story.
- Asking Price: $498,000
- Cash Flow: $142,000
- Gross Revenue: $921,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $110,000
- Inventory Included: Yes
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller will negotiate a transition period
The venture was started in 2000, making the business 22 years old.
The sale shall include inventory valued at $110,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. However, the genuine factor and the one they say to you might be 2 absolutely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, current decrease in profits, or an array of various other factors. This is why it is extremely vital that you not rely absolutely on a vendor's word, yet rather, make use of the vendor's solution together with your general due diligence. This will paint a much more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that earnings margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new clients? Most times, companies have repeat consumers, which form the core of their daily revenues. Certain aspects such as brand-new competitors growing up around the location, road building and construction, as well as personnel turnover can affect repeat clients and also adversely affect future earnings. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the better the opportunity to construct a returning customer base. A last idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional typical house earnings influence future income potential?