Asking Price: $250,000 Gross Revenue: $829,648Cash Flow: $128,806 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $150,000 not included in asking priceFF&E: $25,000 included in asking priceReal Estate: Not Disclosed Share 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.
High volume Beer & Wine C-store located in a densely Hispanic area is available for acquisition. Established in 2008 and was later acquired in 2014 by the current owner of the business. Few competitors are within the immediate market area, but the growth of the business hasn't slowed down since grand opening due to large selection of inventory. Sales each year range from $820,000/year to $860,000+/year in gross sales for the past 3-4 years. There is a state of art check cashing booth which will be leased to current owner at monthly rental of $3,500 + 20% of all utilities cost + 50% of alarm service fee. The owner of the business has increased the general selection of many varieties of alcoholic beverages since his acquisition of this business and this has done a great deal towards word of mouth spreading to the local area. Proactive marketing is still needed to fully reach the potential this business can achieve through weekly deals and flyers to nearby neighborhoods. Products & services provided at this store include large selections of beer, wine, soft drinks, chips, phone cards, cigarettes, and household items. Acquisition of this business would be a great asset to the new owner as this business increase in revenue in this densely populated area of Hispanics.
Listing ID #000588
For more info, please call Moon Kim at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in a 3,225 SF retail strip center with an extremely visible signage. All equipment is in impeccable condition and in working order. There is a state of art check cashing booth which will be leased to current owner at monthly rental of $3,500 + 20% of all utilities cost + 50% of alarm service fee.
Few competitors are within the immediate market, but this beer & wine store hasn't stopped growing since establishment and varieties of alcoholic beverages that are updated regularly which in result provides customers with wide range of selections.
Growth & Expansion:
Alcoholic beverage selections increase for the inventory has spread word of mouth throughout the area it's located in. Proactive marketing to nearby neighborhoods and business will increase revenue.
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