Listing ID: 83271
Excellent opportunity to acquire this successful convenience store with deli in a growing area of busy US Route One in southern Maine. Great visibility in high traffic area. A local favorite offering all of the general convenience store staples plus a great selection of deli items to go and a variety of prepared grab and go favorites along with an expanded selection of wine. Turnkey including all assets and inventory.
The Real Estate, with a mix of additional Commercial and Residential income producing properties is also available. Contact listing broker for more details.
- Asking Price: $275,000
- Cash Flow: $125,171
- Gross Revenue: $921,400
- EBITDA: N/A
- FF&E: $54,475
- Inventory: $27,000
- Inventory Included: Yes
- Established: 1990
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Spacious store very clean and bright. Modern look with lots of cooler and storage space.
Two weeks of training and support will be provided.
Health issues with owner
The company was founded in 1990, making the business 32 years old.
The deal will include inventory valued at $27,000, which is included in the listing price.
The company has 7 employees and is situated in a building with disclosed square footage of N/A sq ft.
The property is leased by the company for $3,444.83 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nevertheless, the real reason and the one they tell you may be 2 totally different things. For instance, they might say "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competition, current reduction in profits, or a variety of various other factors. This is why it is really crucial that you not count absolutely on a vendor's word, yet rather, use the vendor's solution combined with your overall due diligence. This will paint a more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that revenue margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new customers? Many times, businesses have repeat customers, which create the core of their day-to-day profits. Certain variables such as brand-new competitors growing up around the area, road construction, and staff turn over can influence repeat customers as well as negatively influence future earnings. One crucial point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the better the chance to build a returning customer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the local median family income impact future income prospects?