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Business For Sale
GAS CONVENIENCE STORE
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Asking Price: |
$875,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Conv & Food Stores
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Reason for Selling:
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Retire |
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Year Established:
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1989 |
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# of Employees:
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16 |
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Yearly Revenues:
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$2,900,000 |
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Yearly Cash Flow:
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$300,000 |
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Monthly Payroll:
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$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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