Business Overview:
Country convenience store with gas and diesel pumps. Business has no competition and has very high mark up on all products sold as well as gas (25c gas, 65c diesel). Located on a main State road with very loyal county type customers. This business is being offered for lease with an option to purchase the business and property when the economic climate changes. Lessee will need to purchase the Inventory at cost, ($80k+) place a deposit of $25k with the landlord/owner of the business and a gas deposit of $15k to the Oil Company. To lease this store it will take about $125k in cash. The length of the leases term, business and real estate is negotiable. After paying for product, rent, ($11,500 per month) utility's etc., an operator should earn in the range of $80k to $100k. New equipment just installed to sell frozen food and pizza. If business is purchased now the price will be $235,000 with a monthly rent of $8,000. Gross profit last month was over $21,000. Seller net was $120,000 last year after paying all expenses and his mortgage from the business.
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:
Lessee will need to purchase the Inventory at cost, ($80k+) place a deposit of $25k with the landlord/owner of the business and a gas deposit of $15k to the Oil Company. To lease this store it will take about $125,000 in cash. The length of the leases term, business and real estate is negotiable.
Support/Training: Seller will stay for 14 days to hand over and assist a new buyer.
Market Competition and Expansion:
Competition: This location has no completion and is in a conservation area so it is doubtful that any will ever come. This is a great opportunity to get into a gas station that has such a high mark up for a very reasonable purchase price and to buy the property later. Tanks are all up to code and no work is required to improve the store.
Growth/Expansion: Next to the store there is a small restaurant that could also be rented and used as a sub shop or BBQ take out. The equipment is all ready in place.
Reason for Selling:
Want to slow down.
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.
Resources: