Listing ID: 84113
Longtime established successful business running in a town south of Worcester.
Offering Boar’s Head Subs/ Sandwiches with Beer/Wine. Grocery, Drinks. Cigarettes and Lottery with live keno
Excellent highly visible location and surrounded by Residential/Commercial neighborhood. No competition nearby.
A free standing 1876 sqft. building with ample customer parking on a heavy traffic
Worcester- Providence turnpike
Has 15 door new beer/wine cooler, 2 door new freezer, 2 delicatessen ,sandwich unit etc.
Grocery /Sandwich./Berwyn/Cigarettes sale per year is 600K approx.
45% sales of Grocery/Deli/Sandwich
27.5% sales Beer/wine
27.5% sales Cigarettes
Lottery commission 80K per year with screen Keno and ATM commission 7500/year approx.
Seller owns property and willing to give long term lease with reasonable rent
Growth potential by adding many features
Business has a full restaurant kitchen with a hood that can be used for catering.
Current owner is not using it
Profiting more 100K + /year. Money making business not to miss!
Note: Gross Revenue does not include Lottery sale
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: $299,000
- Cash Flow: $100,000
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $60,000
- 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:2
- Furniture, Fixtures and Equipment:N/A
Seller willing to train new buyer
Owner lives too far
Can add food business . Has Full restaurant kitchen
The transaction won'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 sorts of reasons individuals choose to sell companies. However, the genuine reason vs the one they say to you may be 2 entirely different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, current reduction in incomes, or a range of other factors. This is why it is really crucial that you not count completely on a vendor's word, yet rather, make use of the seller's solution combined with your general due diligence. This will repaint a much more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that revenue margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new consumers? Many times, companies have repeat clients, which form the core of their daily profits. Certain elements such as new competitors growing up around the location, roadway building and construction, and also personnel turnover can affect repeat customers as well as negatively affect future profits. One vital point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the possibility to build a returning client base. A last idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local average family income impact future revenue prospects?