Listing ID: 83903
Convenience store with Beer & Wine. Current ownership owned the store since 1981. Store carries a wide variety of Groceries, including frozen foods and deli meats. Store just added a miniature pizza oven, and it is doing great. Increasing store hours and adding money service business can increase traffic, sales & profits. Adding a Liquor License at this location will be a game changer. Store located on a busy road with a load of households in all direction. This store is ready and turn-key for the next owner. Save the Rent; Plaza is available to purchase. This is a great investment; business and rental income in one. The plaza consists of the store and another tenant, paying $40k annually, total square footage is 7,822. Please, inquire within for more information on this exciting opportunity.
- Asking Price: $299,000
- Cash Flow: $118,000
- Gross Revenue: $850,000
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $125,000
- Inventory Included: N/A
- Established: 1981
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:7,822
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
23 Door Walk-in Cooler, Beer Cave, 7 Door Frozen Food Case, 5 Door Ice Cream Case. Miniature Pizza Oven.
Owner will stay on as needed up to 2 weeks.
Other stores in the area, however, there were always other competitors in the area. Many option to get this store to be one of the best in the area.
Adding a Liquor License will increase business and value.
The venture was established in 1981, making the business 41 years old.
The deal won't include inventory valued at $125,000*, which ins't included in the suggested price.
The company has 2 FT 3 PT employees and resides in a building with disclosed square footage of 7,822 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nonetheless, the real reason and the one they tell you might be 2 absolutely different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is very important that you not rely totally on a seller's word, yet instead, use the vendor's response together with your general due diligence. This will repaint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new clients? Most times, operating businesses have repeat customers, which form the core of their everyday profits. Particular elements such as new competition growing up around the location, road building and construction, and staff turn over can impact repeat consumers and also adversely 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? Obviously, the more individuals that see the business regularly, the higher the possibility to build a returning client base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical household income impact future earnings prospects?