Listing ID: 84117
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 sales
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: $250,000
- 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 asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. However, the true reason and the one they tell you may be 2 absolutely different things. For instance, they may claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of other factors. This is why it is really essential that you not depend totally on a vendor's word, but rather, make use of the seller's response together with your total due diligence. This will paint a much more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that revenue margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new consumers? Most times, operating businesses have repeat clients, which create the core of their day-to-day profits. Certain aspects such as new competition sprouting up around the location, road building, as well as employee turn over can affect repeat clients and also negatively impact future revenues. One important thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the better the opportunity to build a returning customer base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average household income impact future earnings potential?