Listing ID: 84123
Business Overview
Looking for a convenience business? A well established business located at a street intersection with heavy foot traffic and surrounded by a dense neighborhood. Offering grocery, tobacco lottery with screen keno and has ATM and EBT service. Lottery commission more than 60K per year. Spacious 1700 sqft spacious store with potential to add many features to increase revenue. Affordable rent and lease term. Owner absentee business ideal to run by self or with family help. Growth potential business opportunity !
Note: Gross Revenue does not include Lottery sales
For more information call Gulam at 617-642-5746 OR Wasim at 617-599-8185
Buyer need to sign confidentiality agreement to receive more information
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: $99,000
- Cash Flow: $50,000
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $40,000
- Inventory Included: N/A
- Established: N/A
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Owner absentee
Additional Info
The deal 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 types of reasons people resolve to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 entirely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or an array of various other factors. This is why it is very vital that you not count completely on a vendor's word, yet rather, use the vendor's answer combined with your total due diligence. This will paint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover items like stock, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too tight. Many businesses come under a revolving door of taking on debt 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 tools or the structure where the business resides. The business might have existing contracts with vendors that must be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new customers? Most times, businesses have repeat customers, which form the core of their everyday profits. Particular variables such as brand-new competition growing up around the location, road building, and personnel turn over can influence repeat clients as well as negatively affect future earnings. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the greater the possibility to develop a returning consumer base. A final thought is the general 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 house income effect future earnings potential?
