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Business For Sale

GAS CONVENIENCE STORE

Attn: Larry Newsome
Pikeville, KY, USA
Listing Number: "041808"
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Asking Price: $875,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Conv & Food Stores  
Reason for Selling: Retire
Year Established: 1989
# of Employees: 16
Yearly Revenues: $2,900,000
Yearly Cash Flow: $300,000
Monthly Payroll: $16,000
 

Business for Sale Overview:

The location is excellent in middle of 3 way intersection near state park, large industry, and only location with full deli & large grocery stock for community. No Competition! Family Owned and is located in rural KY community. NO REAL ESTATE- great income for next 22 yrs- Beautiful mountains and friendly, established customers. Profitable gas & cigarette purchases due to local distributor. Making A Killing! Great purchase to own/operate! Long time staff for deli, excellent food!


Property Features and Assets:

What would you give to net $250,000 per year- like clipping coupon! Large clean store, approximately 1,800 square feet, covered 6 pumps plus diesel & kerosene pumps- huge coal truck fleet business at this intersection- large lot approximately 2 acres- currently under low dollar lease 23 years remaining with COL in 2015. Clean & friendly describes this store, hours 5 am- 11 pm, with security guard at night, never a robbery or break in since opened in 1989! 360 degree, new computer surveillance system, private clean offices with entire compound view. Ovens, fryers, heat/displays deli, freezers etc. 2 recent HVAC heat pumps, storage & equipment updates.


Market Competition and Expansion:

This is literally the "only game in town" Huge customer base! Near newly opened 4 lane, and in line to have off ramp for new US Interstate 66 Highway, for State Park access! The future is bright; the seller is selling due to wife running it for 20 years, wants to move on, and husband is investing in oil/gas in E. Kentucky.


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for 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.

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