Listing ID: 84064
Independent self serve Gas station/Convenience store business running successfully on a high traffic street. Convenience store offering beer/wine and has seasonal license to sell full liquors,
Excellent location near the exit to highway 391.
Land lot: 61208 sq. ft. (.37 acres)
Building: 1788 sq ft.
Two tanks, Four dispenses / Eight nozzles with canopy
Inside sales: $440K approx. per year
Gas Volume: 900 Gallons approx. per year ( 15 cents/gallon profit margin +)
Lottery Commission :24K/ year approx.,
ATM commission:1200/yr approx.
Growth potential business with property ! Not to miss!
For more information contact Wasim at 617-599-8185 OR Gulam at 617-642-5746
Buyer need to sign Confidentiality Agreement
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: $1,100,000
- Cash Flow: $90,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $70,000
- 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 sale shall not include inventory valued at $70,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. However, the true reason vs the one they say to you might be 2 totally different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of other factors. This is why it is really crucial that you not count entirely on a seller's word, but rather, use the vendor's answer combined with your total due diligence. This will paint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too small. Many businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new customers? Often times, companies have repeat clients, which create the core of their everyday earnings. Particular variables such as brand-new competition growing up around the area, roadway building, as well as employee turn over can affect repeat customers as well as negatively impact future incomes. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to construct a returning customer base. A final thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the local mean house income impact future revenue potential?