Listing ID: 84076
Business Overview
Longtime established profiting business ! Excellent corner location at square with high foot traffic and surrounded by dense neighborhood. Offering grocery,cigarettes,drink Lottery w screen keno, ATM service. Potential to add many features to grow business. Affordable flat rent and long term lease
Business information per seller
Gross revenue average per year:335K (Excludes lottery sale)
Lottery Commission /year :40K
ATM Commission/year:6000
Rent: 2700/month
For more information call Wasim at 617-599-8185
Buyer 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: $175,000
- Cash Flow: $48,000
- Gross Revenue: $335,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $45,000
- Inventory Included: N/A
- Established: N/A
Other interest
Additional Info
The deal doesn't include inventory valued at $45,000*, 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 companies. However, the genuine reason and the one they say to you might be 2 totally different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competitors, current reduction in revenues, or an array of various other factors. This is why it is very important that you not count completely on a seller's word, but instead, utilize the vendor's response combined with your total due diligence. This will paint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover things such as supplies, payroll, accounts payable, etc. Remember that sometimes this can indicate that profit margins are too small. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new clients? Most times, businesses have repeat clients, which develop the core of their day-to-day revenues. Particular aspects such as brand-new competition growing up around the location, road building, as well as employee turn over can affect repeat clients and adversely influence future earnings. One essential thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business often, the higher the chance to develop a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the local average family income impact future revenue prospects?
