Business Overview:
This Convenience Store is located on a main street in a small town. It has been owned for its entire existence by the person who opened the store in 1988. He once owned four stores but has been selling them and is leaving the business. He has a full-time job and lives in a nearby city.
The store does not sell much gas (about 250-260 gallons per day) but makes about 15 cents or more per gallon as the owner buys independently. He keeps his gas prices 1 penny below the competition across the street. He owns the property, including the pumps and tanks. The tanks are fiberglass and there are no EPA issues.
The store is being operated absentee. If a new buyer operates the store himself he can elimintate one employee and have a cash flow of $90,000 or more per year. The inside sales are currently running $36-38,000 per month at a 35% profit margin. Lottery ticket sales average around $13,000+ per month. The store sells beer but does not currently sell wine.
The seller will lease the property to a new buyer for $2,700 per month which includes property taxes. The seller will also consider selling the property. A low-interest loan on the property may be assumable. Utilities, including phone, average about $700 per month. The store operates 6AM - Midnight Monday thru Thursday, 6AM - 2AM Fridays, 7AM - 2AM Saturdays and 8-12AM on Sundays.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Other Interests
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.