Listing ID: 84032
Well established money making business running successfully in a retail strip available for sale with property. Excellent location on a busy traffic road with ample parking for customers.
Approx.65 acre (28257sq.ft.) lot and 5244 sq. ft. free standing building has total 4 units. One unit is occupied by the owner to run his Beer/wine C store and other three units are fully leased by other tenants.
Also attached to property is an additional .23 acre (10354 sq.ft.) approx. extra land lot which can be used for residential or commercial use
Business offers Beer/Wine, Grocery , Cigarettes and has live screen keno, Lottery Commission is consistently high each year. Spacious store well organized and well equipped with walk in cooler. Possible to expand business by adding many features like Bill payment, Money transfer, Cash check out, deli/sandwich etc
Information for business:
Gross Sale : 550K approx. per year(Does not includes lottery sale)
Lottery Commission:210K approx. per year
Other income: 1200/year approx.
Rental income from other three units: 25,000/year approx.
Great opportunity for an investor to own property with business
For more details:
Contact Wasim at 617-599-8185
or Gulam at 617-642-5746
Serious inquiry with proof of fund
Buyer to sign confidentiality agreement
Please be discreet when drive by the location
Information regarding business for sale is provided by seller and other
sources is not verified in any way by Green Star Realty or it’s salesperson,
and has no knowledge of accuracy of said information and makes no
warranty, express or implied, as to the accuracy of such information Buyer to
do his own due diligence
- Asking Price: $1,490,000
- Cash Flow: $250,000
- Gross Revenue: $550,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $95,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The transaction won't include inventory valued at $95,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. Nevertheless, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they may claim "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is really important that you not depend entirely on a vendor's word, yet rather, utilize the seller's response combined with your overall due diligence. This will repaint a much more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses finance loans in order to cover things such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that earnings margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as new competition growing up around the location, roadway construction, and personnel turnover can impact repeat clients as well as negatively impact future earnings. One essential point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, 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 situated in a largely populated city, or is it situated on the edge of town? How might the local average home income impact future earnings potential?