Business Overview

Established Liquor Store in business 36 years. Solid client base. Great owner/operator opportunity. Business only. Please notify Listing agent prior to entering the establishment. Price includes business and fixtures. Inventory is purchased at the date of closing. Triple Net Lease.

Financial

  • Asking Price: $475,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1985

Detailed Information

  • 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

Additional Info

The company was established in 1985, making the business 37 years old.

The building is leased by the company for $1 per SF per month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell operating businesses. Nevertheless, the real reason and the one they say to you might be 2 absolutely different things. As an example, they may say "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in profits, or a variety of various other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, yet instead, utilize the vendor's answer along with your general due diligence. This will repaint a more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans so as to cover items such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that earnings margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be met or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their day-to-day profits. Specific aspects such as new competition growing up around the location, road building, and staff turn over can influence repeat consumers and negatively influence future revenues. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the greater the possibility to construct a returning client base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local average household income effect future earnings potential?