Listing ID: 84042
Business Overview
A well established business selling Indian Grocery running successfully. Excellent growth potential location in an upscale town north west of Boston.
Well equipped and spacious approx. 5000 sqft business area with ample free parking
for customers. Seller has approx.6000 sqft additional unused space. New owner can expand business by adding more features.
Many possibilities! Affordable rent and long term lease available.
Seller wants to retire due to health reason.
A great business opportunity ! Not to miss
Possible to convert any other ethnic grocery store !
For more information call Gulam at 617-642-5746
www.GreenStarRealty.Biz
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.
Financial
- Asking Price: $300,000
- Cash Flow: $160,000
- Gross Revenue: $1,600,000
- EBITDA: N/A
- FF&E: $250,000
- Inventory: $200,000
- Inventory Included: N/A
- Established: N/A
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:5
- Furniture, Fixtures and Equipment:N/A
Business in a part of plaza. Business has it's own website
Retirement
Room to Expand
Additional Info
The deal shall not include inventory valued at $200,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell companies. Nevertheless, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is extremely vital that you not rely entirely on a vendor's word, yet rather, make use of the seller's solution along with your total due diligence. This will repaint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that profit margins are too thin. Many organisations fall under a revolving door of taking loans 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 tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new consumers? Often times, companies have repeat consumers, which develop the core of their daily revenues. Certain aspects such as new competition growing up around the area, roadway building and construction, and also employee turnover can impact repeat clients as well as adversely affect future revenues. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the higher the opportunity to construct a returning customer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood mean home earnings influence future revenue prospects?
