Listing ID: 84116
Business Overview
Established Convenience store business running in a busy office park ,Selling grocery, Cigarettes, Drinks etc. Has Lottery and ATM service. Well organized approx.680 sq.ft. business area, Seller operates during office hrs. M-F from 9 am to 3 pm. Ideal to run by self. Be your own boss with small investment! Do not miss it!
Asking price includes inventory
Business Information
Average grocery sale/year: 140K approx.
Lottery Commission: 13K
ATM:2000/yr.
Rent: 1500/month
Electric: 500/moth
Note: Possible to buy two stores ( package deal) at asking price of 120K
For more information call Wasim at 617-599-8185
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: $60,000
- Cash Flow: N/A
- Gross Revenue: $140,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
Health
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nonetheless, the genuine reason vs the one they say to you might be 2 totally different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of other reasons. This is why it is really vital that you not depend completely on a vendor's word, but rather, utilize the vendor's response along with your overall due diligence. This will paint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies borrow money so as to cover points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be met or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new customers? Most times, companies have repeat consumers, which create the core of their daily earnings. Particular variables such as new competitors sprouting up around the area, roadway building, and also employee turnover can influence repeat customers and also negatively affect future incomes. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the greater the chance to construct a returning client base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional median household income effect future income prospects?
