Business Overview:
Well established and profitable. Owner is willing to give the buyer the right of first refusal to purchase the property. 2 1/2 years left on shell contract. Accepts food stamps. Owner is willing to hold some financing for a qualified buyer. Turnkey operation. On the premises, there a sub-shop/deli that pays rent and are on a month-to-month lease. New buyer can either keep them or take over the operation.
Income:
Gasoline: 160,000 gallons x $0.065 per gallon = $10,400
Convenience Store: Sales $360,000 x 0.35 = $126,000
ATM Commission: $3,600
Lotto Commission: $6,875
Western Union: $500
Deli’s Rent: $700 per month x 12 = $8,400
Gross Profits $155,775
Expenses:
Rent: $36,000
Pay Roll: $19,200
Insurance (Business): $2,937
Insurance (Underground Tanks): $2,953
Utilities (Ga & Electric): $18,653
Bank Charges: $614
Credit Card Charges: $14,190
Garbage: $1,032
Accounting: $1,200
Security Alarm Fee: $360
Telephone: $1,100
Taxes & Licenses: $3,789
Total Expenses: $102,028
Gross Profits $155,775
Total Expenses: $102,028
Net Profit $53,747.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Big, clean, bright and fully stocked.
Market Competition and Expansion:
Competition is there and has been for about 4 years. The financial numbers you see is what you get. There is no down side potential for this business.
Reason for Selling:
Seller is outgrowing the business
Additional Details:
- The property is owned.
- 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.