Listing ID: 83928

Business Overview

If you are looking for a great business opportunity here is your chance to own an established liquor and convenience store near downtown Grandville. Located on a high-traffic road and surrounded by retail, office, and residential properties. The owner has recently updated the lighting throughout the store, built a beer cave, and added 12 new cooler doors with LED lights and shelves.

Financial

  • Asking Price: $625,000
  • Cash Flow: $1
  • Gross Revenue: $1,155,546
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $125,000
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,368
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

The owner would be willing to help during the transition

Purpose For Selling:

Owner wants more time to focus on other businesses

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was started in 2017, making the business 5 years old.
The transaction won't include inventory valued at $125,000*, which ins't included in the suggested price.

The business has 1 employees and is located in a building with disclosed square footage of 4,368 sq ft.
The real estate is leased by the company for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 entirely different things. As an example, they may claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or a variety of other reasons. This is why it is really important that you not count entirely on a seller's word, but instead, use the vendor's answer along with your general due diligence. This will repaint a more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in new clients? Many times, companies have repeat customers, which form the core of their everyday profits. Particular elements such as new competitors sprouting up around the area, road building, and also personnel turnover can affect repeat customers as well as adversely affect future incomes. One important thing to take into consideration is the area 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 often, the higher the chance to develop a returning consumer base. A final thought is the general location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood median home earnings impact future earnings prospects?