Listing ID: 84177
If you love wine this is the place for you! Be excited about going to work and driving to one of the most picturesque towns south of Boston. This business operates under a year round wine & malt retail package store. The business has shown steady revenue for the last three seasons and up 17% YOY during the pandemic. The business is ideal as a secondary location for an operator already in the liquor industry or someone who can be hands on and has a passion for wine/craft beer. The store is generally very easy to run with 1 employee. Sales are driven by tremendous customer service. Very strong wine sales make up the majority of the revenue. You could easily implement a food component (cheese, charcuterie boards etc…).
- Asking Price: $79,000
- Cash Flow: N/A
- Gross Revenue: $489,386
- EBITDA: N/A
- FF&E: N/A
- Inventory: $30,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:800
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
800 SF with beautiful fit out.
Available for 30 days post close
Pursuing other business interests
Other competitors but optimal location in close knit, safe community
delivery, curbside pickup, enable website orders
The business was founded in 2013, making the business 9 years old.
The transaction shall not include inventory valued at $30,000*, which ins't included in the requested price.
The company has 3 employees and resides in a building with estimated square footage of 800 sq ft.
The real estate is leased by the company for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. Nonetheless, the real factor vs the one they tell you may be 2 absolutely different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or an array of various other reasons. This is why it is very important that you not depend absolutely on a seller's word, yet instead, make use of the seller's response combined with your total due diligence. This will paint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering things like stock, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract new clients? Many times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain elements such as brand-new competition growing up around the location, road building, as well as employee turn over can influence repeat customers as well as negatively influence future incomes. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the regional median home earnings impact future revenue prospects?