Listing ID: 83923
Great store for sale (business only). Owner selling due to health reasons. Great sales; grocery, beer, wine and Liquor, projected 2022 sales $1.5m. Two Lottery machines, 2021 commissions ~$125K+. Store does great Check Cashing Business. Great store hours or increase hours for more $ales. Needs little or no updating. Busy four-way intersection. Great store for someone getting in the liquor party store business. SBA Financing qualified.
- Asking Price: $499,000
- Cash Flow: $150,000
- Gross Revenue: $1,600,000
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $200,000
- Inventory Included: N/A
- Established: 1983
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,500
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Store located in a Busy Shopping Center located on a busy 4-way intersection.
Owner will train new owners at will.
The company was established in 1983, making the business 39 years old.
The deal shall not include inventory valued at $200,000*, which ins't included in the listing price.
The business has 8 employees and is located in a building with approx. square footage of 3,500 sq ft.
The property is leased by the business for $4,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 completely different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of other reasons. This is why it is really vital that you not depend absolutely on a vendor's word, but rather, utilize the vendor's response combined with your total due diligence. This will repaint a much more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover things like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too tight. Numerous companies come under 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 might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their everyday earnings. Specific elements such as brand-new competitors growing up around the area, road construction, and personnel turn over can impact repeat consumers as well as adversely impact future earnings. One important point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the opportunity to construct a returning client base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the regional median house earnings impact future revenue prospects?