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Gas Station With Property Owner Financing
Location: United States -> Maryland -> Prince George's County
Industry: Auto Related > Gas Station




Business Summary

Very profitable branded gas station and convenience store for sale with land. Well managed by owner who will cooperate for smooth transition & will help with financing. Located in good & growing part of P.G. County. Possibility to add car wash in the future. Owner is absentee.

Owner financing with low interest rate available.

Price: $2.3mm.

Lot size: 30,287 SF

Land assessment value: $911,000

Current Ownership: Since yr. 2000.


Gross Sales: c-store: $35,000-$45,000/mo.

Other Income: Gas: $18,200/mo. NET (130,000/mo. gallons x 14 cents/gallon margin)

Lottery: $10,120/mo. NET

ATM: $900/mo. NET

Phone: $100/mo. NET

Vacuum Cleaner: $300/mo. NET

Cigarette Display: $200/mo. NET

Soda Company Rebates: $190/mo. NET

Other Income Total: $30,010/mo.

Total Gross Income: $75,010/mo.

Expenses:

Payroll: $8,160/mo. (34 hrs. x 8 x 30)

COGS: at 70% is $31,500 (c-store)

Electricity: $2,000/mo.

Water: $100/mo. Phone: $100/mo.

Credit Card Fees: $4,000/mo.

Advertisement by Sunoco $650, tank insur.$65, bldg. Insur.$150, trash $180,

Real Estate Taxes: $982/mo.

Accounting: $200/mo. Maintenance $333

Royalty Fee: at 4% is $1,200/mo. (based on only $30,000 out of $45,000 worth of c-store sales excluding cigarettes, phone cards, minor novelty items)

Total Expenses: $49,620/mo.

Estimated Cash Flow: $25,390/mo.

This is a great area to add check cashing, liquor store cross street is doing $500,000
A year, the deli can be reopened within the store. Car wash will do fantastic, the one behind this station is doing $120,000 a month.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2000
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 700115878
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Related Searches: Auto Dealers  >  Auto Parts Retail and Distribution  >  Auto Rental  >  Auto Repair  >  Car Wash  >  Gas Station  >  Other Auto Related  > 

Also See: Franchise Opportunities > Franchise Resales > Maryland Businesses For Sale > Maryland Franchises For Sale > Maryland Business Brokers



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