Business Overview

Offering food, groceries, tobacco, beer/wine and gas, this business is the go-to convenience store for tourists, the average working population, and other local businesses. The region is a popular destination for outdoor enthusiasts year-round. The key strengths of the business are fresh, good food made to order and gasoline/fuel. Sales have consistently increased year over year and even during Covid restrictions, store sales have continued to to be strong.

Note, inventory included in sale does not include gas inventory.

Financial

  • Asking Price: $2,995,000
  • Cash Flow: $844,582
  • Gross Revenue: $5,375,917
  • EBITDA: N/A
  • FF&E: $86,400
  • Inventory: $30,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:1,880
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Convenience store with kitchen and take-out area, full basement for storage, gas and diesel pumps on site. Large lot with plenty of parking and easy access. Lease also includes an apartment located on the premises.

Is Support & Training Included:

Two 40-hour weeks

Purpose For Selling:

Retiring

Pros and Cons:

There is one other business that offers fuel, but not food, in the vicinity.

Opportunities and Growth:

There are several opportunities to grow this highly profitable business. Expanding the beer section would allow more room for larger quantities and more variety of beer. Increasing delivery options could also be beneficial. Although the gas pumps run 24/7, seven days a week, the store is currently closed on Sundays. A new owner could open on Sundays which could increase income potential.

Additional Info

The deal will include inventory valued at $30,000, which is included in the requested price.

The company has 4 FT/ 5 PT employees and resides in a building with estimated square footage of 1,880 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell businesses. Nevertheless, the genuine reason and the one they say to you might be 2 totally different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or a range of other reasons. This is why it is very essential that you not depend absolutely on a seller's word, however rather, make use of the vendor's response along with your general due diligence. This will repaint a much more realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover items like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that revenue margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in new customers? Most times, businesses have repeat clients, which form the core of their daily revenues. Certain variables such as brand-new competitors growing up around the area, road building, as well as personnel turnover can influence repeat consumers and also adversely affect future profits. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the chance to develop a returning customer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local mean house earnings impact future earnings prospects?