Listing ID: 84120
Business Overview
Profiting business running successfully on a busy traffic route 99.
Highly visible with ample parking for customers in a strip.
Offering Grocery, Cigarettes, Drinks with live keno lottery.
Has EBT, ATM.
Consistent Lottery commission average 70k per year.
Rent $2200/month approx.
Asking price includes inventory except cigarettes.
Business at growth potential location!
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.
Financial
- Asking Price: $160,000
- Cash Flow: $59,000
- Gross Revenue: $250,000
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $40,000
- Inventory Included: N/A
- Established: N/A
Other Interest
Additional Info
The sale shall not include inventory valued at $40,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. Nonetheless, the real reason and the one they say to you might be 2 absolutely different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of various other reasons. This is why it is really vital that you not depend entirely on a vendor's word, however instead, make use of the seller's response together with your overall due diligence. This will repaint a more practical image 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 need to consider this when valuating/preparing your deal. Lots of companies take out loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that profit margins are too small. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. 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 met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new clients? Often times, operating businesses have repeat consumers, which form the core of their daily profits. Particular factors such as brand-new competition sprouting up around the area, roadway building and construction, and also personnel turn over can influence repeat clients and negatively affect future profits. One crucial thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the opportunity to develop a returning client base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average household earnings effect future income potential?
