Business Overview:
Gas/convenience store located on heavily traveled road East of CT River. Major gas brand station pumping approximately 55,000 gallons per month with a spread of 7¢ per gallon. Inside sales generate $50,000 a month with 70% being cigarette sales and 30% other convenience store items. The Convenience-store is physically small but new owner could expand as there is a (3) bay garage that is part of the facility. The Convenience-store works on a gross profit margin of about 22% according to owner. Lottery commission averages about $2,000 per month. Revenues can be increased by either expanding Convenience-store operation into one of the bays or new owner can lease out the bays to potential tenants
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:
Owner of property is the oil company and they would be willing to give a long term lease to new owner if the new owner would be willing to make major improvements to property. Present lease is for 3 years starting at $2,900 per month for 2011 $3,400 per month in 2012 and $3,900per month for 2013. Inventory of between $25,000-$30,000. Oil company would be looking for a $30,000 deposit.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.