Macomb County, MI
$800,000
Convenience Stores For Sale in Michigan
Buy or Sell a Convenience Store in Michigan
| Market Overview | Listed for Sale |
|---|---|
| Number of Businesses Analyzed | 7 |
| Median Asking Price | $550,000 |
| Median Reported Revenue | $2,130,000 |
| Median Reported Seller's Discretionary Earnings | $150,000 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $335,000 | $550,000 | $774,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Convenience Stores for sale in Michigan.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $752,500 | $120,000 |
| Median | $2,130,000 | $150,000 |
| Upper Quartile | $3,618,070 | $414,527 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Convenience Stores listed for sale in Michigan.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.26 | 2.70 |
| Median | 0.61 | 4.24 |
| Upper Quartile | 0.82 | 4.59 |
| Find out what these types of businesses actually sell for with a BizBuySell Valuation Report | ||
FAQ's
How much does it cost to buy a Convenience Store in Michigan?
The median asking price for an established Convenience Store in Michigan is $550,000, though prices range from under $335,000 to well over $774,000.
How much do Convenience Stores owners in Michigan earn?
The median reported revenue of Convenience Stores in Michigan is $2,130,000 and owners earn a median of $150,000, 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 in Michigan, revenue multiples range from 0.26 to 0.82, with a median of 0.61. Earning multiples range from 2.70 to 4.59, with the median at 4.24. This means the typical Convenience Store in Michigan may ask for around 0.61 times its annual revenue, and 4.24 times its annual owner earnings.
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