1. Please visit www.craigslist.com (New York City), 2. Go to \"Business” under t
ID: 457506 • Letter: 1
Question
1. Please visit www.craigslist.com (New York City), 2. Go to "Business” under the category "For Sale”
3. Pick a business for sale, maximum amount is $350,000 - $500,000
4. Contact seller to find out more information If you can't find anything on Craigslist please visit; 1) http://www.bizbuysell.com/ 2)http://www.bizquest.com/ 3) http://us.businessesforsale.com/ In your presentation/essay please have the answers to these questions:
• Why did you pick this particular business? Why is this business for sale?
• What is the outlook for the future? Why?
• How has the business changed over time? Different products? Services? Clients?
• How does the business obtain customers? What is the marketing plan?
• Identifying problems and opportunities (pros and cons) The best way to tackle this project is to imagine the $350,000 - $500,000 is your life savings. Make sure this is an industry that you have some knowledge about or you have a passion for
Explanation / Answer
Business for sale : Branded Gas Station - 28259 (28259)
Gas station's are always in demand. With the increasing number of cars every year, the usage of the gas is getting increased on a day to day basis. And, since the gas station is on one of the busiest roads in Brooklyn, this will be a profitable business. This business is for sale because, the owner is busy with other businesses which are too far from this business. Hence, he is not in a position to take care of this business. Hence he is selling off.
This gas station has a small repair shop which earns around $30,000 a month in gross sales. There is enough space to build a full fledged repair shop. I see this as an opportunity to grow the business. Since this is on one of the busiest roads, the foot fall will be more. And by expanding the repair shop and by adding new product line to the existing, could attract more customers. Adding new product line to the existing means, in addition to the existing products, selling car accesories and other things which are always in use and complementing the sale.
The business has been established in the year 1996. It's been 20 years already. It is a 100% absentee business. Earlier there was only gas station. But, slowing the repair shop has been included. It services almost everybody who needs it.
Since the business is in Brooklyn, on one of the busiest roads, the customer inflow is always there. With a new repair shop with full fledged products and accessories for sale, this business attracts customers for a new experience.
Assuming that there is no other gas station near by within a radius of 4 miles, this gas station will have more foot falls and by ensuring that the customers get everything they need for their vehicle, this place becomes a best place to shop for all the needs of their vehicle.
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