Listing ID: 84070
Independent Gas station / C- store with property for sale. Longtime established and running successfully on a busy traffic road in a dense neighborhood. Highly visible and easily accessible location.
Land lot: .58 acres (25121sqft,)
Building sqft 2384
Two tanks, 2 dispensers and 4 nozzles. Upgraded in 2014
Inside sale $620K per year approx.
Gas volume: 550 gallons per year approx. (Profit margin 15 cents/gallon +)
Lottery commission:60K + /year approx.(Has screen keno)
ATM Commission: 21K/year approx.
Spacious convenience store with 9 door walkin cooler,
Growth Potential business with many possibilities
Not to miss!
For more information
Call Wasim at 617-599-8185
Or Gulam at 617-642-5746
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: $1,100,000
- Cash Flow: $120,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $120,000
- 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 $120,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. Nevertheless, the real factor and the one they tell you might be 2 completely different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competition, current decrease in earnings, or an array of various other reasons. This is why it is really important that you not rely entirely on a vendor's word, yet rather, make use of the vendor's response along with your general due diligence. This will paint an extra reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover points like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in brand-new customers? Many times, businesses have repeat consumers, which create the core of their day-to-day revenues. Certain factors such as brand-new competition sprouting up around the location, roadway building and construction, and staff turn over can influence repeat customers and negatively affect future profits. One important point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the opportunity to develop a returning consumer base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the regional mean home earnings impact future income prospects?