Listing ID: 84126
Longtime established successful business runs since 2001. Excellent location on a heavy traffic street and surrounded by dense neighborhoods in an upscale town near Boston Offering grocery, tobacco , cigarettes, with live keno lottery and ATM and bill payment service.
Well organized spacious approx.1800 sqft business area with 13 door walk in cooler. Also potential to add features like deli/sandwich , bitcoins etc. Yearly lottery commission is in the range of $85K to 96K /year and ATM commission $4K to $5K per year, Rent $3100/ month including NNN. Growth potential money making business not to be missed
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
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: $199,000
- Cash Flow: $90,000
- Gross Revenue: $400,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: N/A
- 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:1
- Furniture, Fixtures and Equipment:N/A
Retail strip on a busy traffic main street. Parking for owner/employee at back of building.
Growth potential with many possibilities
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. However, the true reason vs the one they tell you might be 2 totally different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is really essential that you not rely totally on a seller's word, but instead, utilize the vendor's answer in conjunction with your total due diligence. This will repaint a much more realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies borrow money in order to cover items such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that earnings margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new clients? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Particular factors such as new competitors sprouting up around the area, roadway construction, and employee turn over can impact repeat consumers and also negatively affect future incomes. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the better the possibility to construct a returning client base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Exactly how might the regional median house earnings impact future revenue potential?