Listing ID: 84056
Business Overview
Independent Self serve Gas station/Beer-Wine C-store with property for sale.
Seller renovated/upgraded the whole gas station in 2020 installing new tanks. Paved whole land lot with cement concrete. Excellent visible location on a busy traffic road,
It is a growing business and can generate more revenue if run with personal attention by the owner. Current owner is an investor and lives far from the location. If run by self or with family help business can be a cash cow. Let the opportunity not pass by!
Property Details
Land lot: 23432 sq ft (.54 acres)
Building :1560 sq ft
2 tanks 12000 gallons each.
2 dispensers, 4 Nozzles
Serving gas/diesel
Business information:
Inside sale: 182500/yr approx.
Gas sale: 328500 gallons/yr approx. (30 to 35 censt profit margin /gallon)
Lottery Commission:18900/yr approx.
ATM commission: 2300/yr approx.
For more information
Contact Wasim at 617-599-8185
Gulam at 617-642-5746
Buyer need to sign Confidentiality Agreement
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: $675,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Retirement
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be reasons to try to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or an array of other reasons. This is why it is very crucial that you not count totally on a vendor's word, yet instead, utilize the vendor's response combined with your total due diligence. This will repaint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering things like inventory, payroll, accounts payable, and so on. Remember that occasionally this can indicate that profit margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new consumers? Many times, businesses have repeat customers, which form the core of their everyday profits. Particular factors such as new competitors sprouting up around the area, roadway building and construction, and staff turn over can affect repeat consumers and also adversely influence future earnings. One essential point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business often, the higher the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood mean household income influence future earnings prospects?
