Listing ID: 84097
A growth potential c store with beer/wine running in a strip plaza located on a busy major route,
Offering with Grocery cigarettes and beer/wine with live keno.
Well organized approx. 2700 sqft business area with ample parking for customers. Has ATM service.
Growth potential by adding more features to increase revenue.
Seller is the owner of the property and willing to give an affordable lease with two 5 year options.
Well equipped with a 17 door walk in cooler
Recently a screen keno is added to generate more commission for the new owner.
An opportunity not be missed !
INCOME; GROSS SALE: $328500/YR.($900/DAY) (EXCLUDES LOTTERY REVENUE)
LOTTERY COMMISSION: $55,000/YR IN 2021. SCREEN KENO ADDED RECENTLY
POTENTIAL TO INCREASE REVENUE BY ADDING MANY FEATURES LIKE
DELI/SANDWICH,EBT,WIC, MONEY TRANSFER, BITCOIN, ETC.
For more details Call WASIM – 617-599-8185
Buyer need to sign confidentiality agreement to receive more information
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: $145,000
- Cash Flow: $40,000
- Gross Revenue: $330,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: N/A
- Established: N/A
Strip Plaza. Store sqft approx. 2700 sqft
The sale shall not include inventory valued at $50,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. Nevertheless, the real factor and the one they say to you may be 2 absolutely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or an array of other reasons. This is why it is very vital that you not rely absolutely on a seller's word, however instead, make use of the seller's solution along with your overall due diligence. This will paint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that revenue margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in new clients? Most times, operating businesses have repeat clients, which develop the core of their everyday revenues. Specific variables such as brand-new competitors sprouting up around the area, roadway building and construction, and also employee turn over can influence repeat customers and negatively influence future earnings. One vital point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the local average family earnings effect future income potential?