Listing ID: 77105
OPPORTUNITY: The Company started in 1927 and has evolved into more than 77,000 stores in 19 countries, with nearly 16,000 in North America. As a franchise owner, you receive first-class training and support in order to maximize your profitability.
The Company’s brand is known and loved around the world, and their iconic products are a big part of the American culture. That is why customers, employees, Franchisees, and community leaders are proud to be a part of the Company’s story. As the world’s largest convenience store, it is a legendary, well-known brand and a “Top-Ten Franchisor.” The convenience industry takes $650 billion a year. Just about everyone needs soft drinks and snacks!
PRICE INCLUDES: Goodwill Only. Inventory is included in the added Franchise Transfer Fee. According to the Seller, the total of the Fee will be in a range of $100,000 – $125,000, based on a ‘Qualification Interview’ with the Buyer.
FINANCING: Corporate financing is available for highly qualified buyers.
- Asking Price: $395,000
- Cash Flow: N/A
- Gross Revenue: $1,950,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Franchisor owns the real property, F F & E, and Inventory.
The Franchisor provides initial an ongoing first-class through long-established systems.
Operations for this unit are on a mainly absentee owner basis. This allows a new owner to possibly expand by acquiring a second unit.
This Business Is An Established Franchise
The business was established in 2018, making the business 4 years old.
The business has 4 employees and resides in a building with disclosed square footage of N/A sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. However, the genuine factor and the one they say to you might be 2 totally different things. For instance, they may state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in profits, or a variety of other reasons. This is why it is really essential that you not depend absolutely on a seller's word, yet instead, make use of the seller's answer along with your overall due diligence. This will paint an extra reasonable image of the business's existing 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 offer. Many businesses finance loans in order to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that earnings margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract brand-new customers? Most times, companies have repeat customers, which form the core of their day-to-day revenues. Certain elements such as new competitors growing up around the area, roadway construction, and staff turnover can influence repeat customers and adversely impact future earnings. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the chance to develop a returning consumer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the local typical household income influence future earnings prospects?