Listing ID: 83816
Nice 3,000 SF convenience store on double lot (50,000 SF) with room for expansion and good access from State Highway. Branded pizza with in-store seating. Offers traditional HBA products along with packaged (10 door walk-in cooler) and dispensed beverages, hunting licenses, lottery and cigarettes. Gas and diesel offered from 4 fueling positions under lighted canopy. New electronic 2 product pricing sign. 320,000 gallons and $700,000 inside sales. Hours 5:30am-11pm and 8am-11pm pizza.
- Asking Price: $299,000
- Cash Flow: $87,000
- Gross Revenue: $1,654,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1978
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
50,000 sf corner lot at intersection of two highways. 3,000 sf building including kitchen. 2- 2 product MPDs with 2 product electronic pricing sign.
One other c-store in the market.
The venture was established in 1978, making the business 44 years old.
The business has 1 FT, 15 PT employees and resides in a building with disclosed square footage of 3,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. However, the true factor and the one they say to you may be 2 completely different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in profits, or a range of various other reasons. This is why it is really important that you not rely completely on a vendor's word, yet rather, make use of the seller's answer in conjunction with your overall due diligence. This will paint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that earnings margins are too tight. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be met or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new clients? Most times, operating businesses have repeat consumers, which form the core of their day-to-day revenues. Certain aspects such as brand-new competition growing up around the location, road building, as well as staff turnover can influence repeat clients as well as negatively influence future incomes. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the better the possibility to build a returning customer base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Just how might the local mean home income influence future income prospects?