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Business For Sale
CONVENIENCE STORE & GAS STATION
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Asking Price: |
$625,000
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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Owner wishes to retire. |
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Year Established:
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1968 |
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# of Employees:
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3 full-time, 2 part-time |
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Yearly Revenues:
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$2,377,693 |
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Yearly Net Profit:
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$92,667 |
Business for Sale Overview:
This convenience store is in a great location at intersection of I-40 and state highway. The location shares a large parking area with a fast food franchise. Fuel sales exceed 800,000 gallons per year with 3 islands/6 nozzles under a 90 foot lighted canopy. The business is an unbranded gas station with subsequently higher fuel margins. The business' fuel is purchased from a fuel supplier and owned by the business owner (price does not include inventory and fuel - averages $75,000-$100,000). Great opportunity to double inside sales by selling beer (current owners do not sell beer by choice due to personal/ethical reasons). Inside sales could also be improved by selling other hot food items (these food items have been sold in the past with great success). The business also includes tanning beds that generate over $30,000 annually. Owner would be willing to lease the location with the purchase of inventory to qualified operators.
Property Features and Assets:
Well maintained convenience store with two (2) fuel tanks that are only two-years old (one 20,000 gallon tank for regular and one 6,000 gallon tank split to sell premium and diesel). The business is located in a 3200 sq. ft. free-standing building, and includes a 12-door walk-in cooler (space is currently available to sell additional cold beverages/beer). Large parking area. Location is adjacent to exit and entrance ramp to I-40 and highly visible from interstate.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be 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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