Owner Financing is Available!
Business Overview:
This is one of the most popular gas station/ convenience stores in its neighborhood, located on the corner of two very popular and busy residential thoroughfares. The business has good relationships with vendors. This includes promotional displays, newer drink dispenser equipment and other amenities.
The c-store has 12 cooler doors – many more than some larger stores. Product mix is very good and lends to the success of this store.
The owners have not worked shifts in the store, so financials for the reported period have been adjusted to show an owner /operator replacing 40 hours of labor. Sales and cost of goods have not been adjusted to show the $55,000 cash flow.
The owner has considered adding a food franchise, taking advantage of the existing drive-up window and seating to create a second revenue source for the business.
Included in expenses is a lease for the new Federally Mandated Point of Sale System which all convenience stores were required to use as of July 2010. This expense is $777.64 per month with a $1 buyout at the end of the term, which ends in December 2012 There is also an equipment lease for the ice machine of $255.15 per month, which includes maintenance. This also has a $1.00 buyout at the end of its term in 2012.
Store comes with $40,000 of inventory mix (Gas and C-Store inventory). All equipment and fixtures necessary to generate the income will remain on premises. For a qualified buyer, seller will finance $37,000.
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:
There are currently 1 full time and 7 part time employees. Owner spends approximately 10- 15 hours per week doing the bookkeeping and ordering. Rent for new owner will be $5,000 plus C.A.M. Seller has paid less due to some improvements they agreed to make to the facility. Financials have been adjusted to show the $5,000/month.
Store comes with $40,000 of inventory mix (Gas and C-Store inventory). All equipment and fixtures necessary to generate the income will remain on premises. For a qualified buyer, seller will finance $37,000.
Reason for Selling:
Wants to devote more time to other business.
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.
Resources: