Asking Price: $550,000 Gross Revenue: $3,160,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
7-Eleven store #29058 is one of the top gross sale 7-Eleven store in Oregon. In 2017, the annual merchandise sale revenue was at $3.16 million (excluding Lottery sale) with Gross Profit of $1.14 million and an overall healthy Gross Profit Margin of over 36%. The store is the top food service market selling nearly $2,000 daily. The store was completely remodeled in 2015 to the "Next Generation" store and has become known as the "Jewel of Northwest". The business has little to no competition due to its location in the Portland's Swan Island industrial area with many loyal and repetitive customers.
Some of the businesses that call Swan Island home are Daimler's Freightliner "Western Star" truck division which have a total of nine buildings including a truck assemble plant and a newly constructed nine stories North America headquarter across the street from the store. Cummins Diesel Company has four building supporting Freightliner production with it engines. Swan Island also serves as the West Coast largest dry dock ship repair and builder with a company calls Vigor Industries. Vigor repairs and services many ships, Naval ships, and cruise line such as Carnival, Princess, Norwegian cruise liners in West coast and Alaska runs. Vigor had just won a $1 billion contract from the U.S Navy for building Amphibian transport vehicles. Companies like UPS, Fed Ex air and ground sorting hubs are also locate here. Each day there's a sea of brown and white truck drivers patronage the store. Three large trucking companies also calls Swan Island home as well, Yellow & Roadway, Saia,Becker. The street in front of the store has legal parking that will fit 3 semi-trucks. The Union Pacific rail yard also locate here with all the semi-trucks come in and out of the yard all day and night long. Swan Island also home to two huge beverage and beer distributors. Columbia Distributor (Coors/Miller) which is the 3rd largest independent distributor in the USA by volume and Maletis for(Budweiser). The end of one of the public bus line terminal also locate a block from the store. There're many other smaller companies that calls Swan Island industrial home as well.
The store serve as the entry gateway (like inverted V shape) in and out of Swan Island industrial complex but most importantly the only way out of the complex is via the store before getting into the freeway. The selling price for the store is $550,00.00 plus 7-Eleven's Franchise Fee and its doesn't included inventory which is roughly about $70,000 to $90,000 on a revolving open credit with 7-Eleven(No money upfront). Please do not visit store until you contact seller first. Do not discuss with employees about store listing. Discretion is necessary.
About the Business
Number of Employees:
This store used to be a Burger King Restaurant before it was converted to 7-Eleven store around twenty years ago. The building has drive-thru window that might be consider using in the future to alleviate parking issues during peak hours for potential business growth. The store was completely remodeled in 2015 to the "Next Generation" store. The store has new and the latest equipment such shelves, vaults, grills, stoves, machines, etc. The store has seating area with bar stools counter wrap around the interior window and outdoor seating area as well.
The absolute advantage about this store is it location. The store is the only game in town. It's home to every worker and people that shop the store. The store margin could have been even higher, but seller decided to opt out on pursuing that avenue because it's such high volume store already.
Growth & Expansion:
The Swan Island Industrial area is such an unique location closed-in Portland metro area. There are still some empty buildings and land that can be builds in the future. Vigor Industrial had just won a $1 Billion contract from the Navy to build Amphibian Transporters Units. Many of the companies employs well skills and well pay workers such as Freightliner, Engineers, UPS and Fed Ex Drivers, Vigor ship yard workers, Union Pacific rail yard workers, warehouse workers, and truck drivers, etc.
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