Business Overview:
Franchised 1600 SF convenience store location has gas and is located in the desirable coastal Monterey Peninsula. Great visibility on a corner of a major thoroughfare. Open 24/7 and sells wine/beer, lottery, phone cards, & money orders The owner would receive a commission ranging from 1.5 to 2 cents per gallon of gas volume. The Franchisor is operating the business for the Seller with 100% employees. A new owner can reduce the corporate level payroll working at the business for at least one shift himself plus give a better customer satisfaction business. Franchisor pays for rent & purchase of gas out of its share of service fees/royalty. Franchisor does accounting. The listing price has been greatly reduced for a quick sale. Inventory: about $65,000. Gas: 2 Multi-Dispensers, 1 island. 2009, gas volume was 107,300 gallons per month. Commission for the year was $22,400. Service fee/royalty: 10% of gross sales every quarter for approximately 5 years, then may be the normal 16% for subsequent years. Franchise Transfer Fee: $52,500. Training: In Bay Area and local sites for 5 weeks. Note: The buyer needs to put his own payroll expenses on the financials
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.
Property Features and Assets:
1,600 Sq. Ft. building with coolers, gondolas, sales counter with computerized registers. Large lot with singe island for gas; 2 multi-dispensers. Highly visible on a busy thoroughfare corner.
Reason for Selling:
Can't operate business.
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: