Macomb County, MI
Neighborhood Mini-Mart store. Servicing the immediate area for dry, refrigerated and frozen food. Cigarettes, lotto and soon beer and wine. Near many workers and residents to serve. Near Hospital and...
$54,900

Macomb County, MI

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M&A Business Advisors is a full-service Business Brokerage and M&A Advisory Firm with 6 offices, that specializes in the CONFIDENTIAL sale of privately owned businesses in a wide range of industries. We use proprietary methods and advanced technology to better serve our clients and accomplish their objectives. Selling or purchasing a business can be a complex, time consuming process. The process involves 100% commitment, a “hands on” approach and M&A Advisor expertise in: • Finance and Accounting • Commercial Leases • Market and Industry Dynamics • Managing Due Diligence • Strategy and Negotiations • Preparing Contracts Our years of experience along with our ability to work as a team to solve complex issues that arise in transactions is what separates us from the competition.
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| Market Overview | Listings for Sale (Median) |
|---|---|
| Number of Businesses Analyzed | 527 |
| Asking Price | $349,999 |
| Reported Revenue | $870,000 |
| Reported Seller's Discretionary Earnings | $135,000 |
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $175,000 | $349,999 | $699,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Convenience Stores for sale.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $500,000 | $85,000 |
| Median | $870,000 | $135,000 |
| Upper Quartile | $1,839,000 | $225,000 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Convenience Stores listed for sale.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.22 | 1.72 |
| Median | 0.45 | 2.50 |
| Upper Quartile | 0.73 | 3.70 |
FAQ's
How much does it cost to buy a Convenience Store?
The median asking price for an established Convenience Store is $349,999, though prices range from under $175,000 to well over $699,000.
How much do Convenience Stores owners earn?
The median reported revenue of Convenience Stores is $870,000 and owners earn a median of $135,000, which includes the owners salary and any other financial benefits they receive.
How do I value a Convenience Store?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Convenience Stores, revenue multiples range from 0.22 to 0.73, with a median of 0.45. Earning multiples range from 1.72 to 3.70, with the median at 2.50. This means the typical Convenience Store may ask for around 0.45 times its annual revenue, and 2.50 times its annual owner earnings.
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