Business Overview:
WINDOW OF OPPORTUNITY/UNIQUE SITUATION WHERE BANK IS RECALLING LOAN FORCES SALE OF THIS BUSINESS WITHIN THE NEXT 3 WEEKS. ALL OFFERS MUST BE IN BY FEBRUARY 17TH (with a period of time following this allowed for due diligence). This is a profitable, turnkey gas station and convenience store which includes a half-acre of land, located at a prominent intersection on Las Vegas Blvd South. This portion of Las Vegas Blvd is currently seeing much development and growth. The business has been owned and operated by the current owner and his family since 1996. According to the seller, this gas station, which includes 6 pumps, outsells any of its competitors in the area. Its location on the SW corner of the intersection makes it a perfect stop for southbound traffic heading home from the city. The convenience store is currently producing an annual adjusted net of $209,639. However, gaming and liquor are currently not being offered; and when this lost revenue is added in the mix (store is approved for 7 slots), the projected annual net is $470,000. Plus a deli inside the store, which is owned and operated independently, is neither charged rent nor a percentage of sales, so this could increase revenue even further. Additionally, according to the seller, the land is grandfathered in for H2 zoning, which allows for high-rise buildings and other possible uses, adding further value to the land. PRICE IS $4,100,000 CASH FIRM. CALL MATTHEW A. DAVIS (702.306.6775) OR LEE ORZECH (702.400.1104) IMMEDIATELY FOR MORE INFO.
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:
A 3,995 square foot location with 1/2 acre of land included in asking price. $1.5 million in leasehold improvements with a security system in place. Seller is active with 9 employees.
Reason for Selling:
Semi-Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.