Annual Revenue: $2,300,000
Minimum Equity Required: $250,000
Industry: Gas Convenience Car Wash
Listing ID: 1232
Listing Status: Under Contract
A community staple and the place where many run into one another, this is your local grocery store and it's one of the most important retail operations to keep a community going.
- affiliated with major banner
- currently operating 91 hours per week
- $120k renovation in 2020
By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most all of your questions.
Revenues have been trending up YOY for several years and there is much additional upside that can be created with a few simple additions.
2019 - $2.07M
2020 - $2.27M
2021 - $2.45M
Seller's Discretionary Earnings:
2020 - $159k
2021 - $128k (some higher expenses incurred as a result of expanded offering)
** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.
** Our expectations are for a minimum 35% down payment on the final negotiated purchase price, with the balance being financed over 6 - 7 years. Feel free to run some of your own calculations here:
Excellent high traffic, high visibility, leased location of approximately 5,000 sft. There are 3 years left on current term with an option to renew for 5 years. Additional renewal terms available.