Listing ID: 84087
Business Overview
Longtime established business run by current owner since 2015. Located on a high traffic Mass Ave and surrounded by dense neighborhoods. Approx 1600 sqft store with shared parking for customers, Has Lottery with live keno and ATM service.
Business information per seller
Gross average sale per year: 475K (excludes lottery sale).
Lottery Commission:/year: 45K/year approx.
ATM Commission and other income:6000/year approx
Rent: 4500/month
For more detail 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: $199,000
- Cash Flow: $84,000
- Gross Revenue: $475,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $60,000
- Inventory Included: N/A
- Established: N/A
other interest
Additional Info
The sale doesn't include inventory valued at $60,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. Nevertheless, the true reason vs the one they say to you may be 2 entirely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competition, current decrease in incomes, or an array of other factors. This is why it is very crucial that you not rely completely on a seller's word, yet instead, make use of the vendor's answer together with your overall due diligence. This will paint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering points like supplies, payroll, accounts payable, etc. Remember that occasionally this can imply that profit margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new customers? Many times, companies have repeat clients, which create the core of their daily earnings. Particular factors such as new competitors sprouting up around the location, roadway building and construction, and also employee turn over can influence repeat clients and adversely influence future profits. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the better the opportunity to build a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the local typical household earnings effect future revenue prospects?
