Asking Price: $199,000 Gross Revenue: $620,000Cash Flow: $100,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $30,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The business provides quick and convenient service. The customer base comes from a growing commercial and residential community within the heart of Petersburg VA. With annual sales of $620,000+, this is a steal for only $199,000 + inventory.
• Yearly $620,000+ inside store sale
• Yearly $48,000+ lotto commission
• Absentee owner can make $100,000/year.
• Owner Operator can make $125,000 +++!
• Rent - $3,250 for 2,000sq. ft. NNN with current long-term lease
About the Business
Building Sq. Ft.:
This clean convenience store has good frontage on very busy road near major event venue. The location is in the busiest commerce area of Petersburg. Rent for the convenience store is $3,250 for 2,000sq. ft. NNN with current long-term lease.
The business is conveniently located in a densely populated area. Offering quick and convenient service with reasonable prices, make this a solid business with positive growth potential.
Growth & Expansion:
• Current owners will train for two weeks. • The current staff of three employees are already trained • Supporting loyal customer base that is stable includes employees and surrounding families. • Personalized customer service and commitment to quality • Great growth potential
81534-CW Clean Convenience Store in Petersburg, VA
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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