Convenience Store with Brand Gas
Location:
United States
->
Virginia
Industry: Retail > Convenience Stores Retail
Business Summary
A large independent convenience store with deli and brand name gas, located in a small busy city just off I-64. It is an attractive store with 15 cooler doors including Beer. This store is in a growing area and has the reputation of being the place to stop. The business pumps an average of 87,500 gallons per month at a pool margin of 12 cents per gallon and Inside sales averaging about $95,000 per month with a gross margin of over 25%. It also has lottery and Lotto sales in excess of $22,000 per month. Additional income from ATM, money orders and high volume of check cashing. Station has 12 pumps equipped with credit card readers.
Attractive 2,800 sq. ft. inside retail plus 1,600 sq. ft of storage space with name brand gas and signage. Parking for 18 cars. 5 years remaining on current lease and renewable for TWO additional five year terms.
ASKING PRICE : $375K plus inventory at cost (estimated at $80K).
FINANCING : Upto $90 K to only qualified buyer - long term.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$4,350,000
Cash Flow:
$295,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: 80000 inventory additional
Seller Financing: Yes
About The Business
Year Established: 1980
Number of Employees: 4 - 5
Relocatable: No
Franchise: Not Disclosed
Current Real Estate: Leased
About The Sale
Management Training and Support: Negotiable
Reason For Selling: Other business interests
Click on the "I'm Interested" button above for more information on this Retail > Convenience Stores Retail business for sale.
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Print Listing Id: 70012901
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