Owner Financing is Available!
Business Overview:
Well established and profitable. Owner is willing to give the buyer the right of first refusal to purchase the property. 2 1/2 years left on current contract with the gas company and seller is willing to buy the contract back if new buyer elects seller to do so. Accepts food stamps. Owner is willing to hold some financing for a qualified buyer. Turnkey operation. On the premises, there a sub-shop/deli that pays rent and are on a month-to-month lease. New buyer can either keep them or take over the operation.
Income
gasoline: 160,000 Gallons X 0.065/gallon = $10,400
convenience-store: sales $360,000 X 0.35 = $126,000
atm Commission: $3,600
lotto Commission: $6,875
western Union: $500
deli’s Rent: $700 Per Month X 12 = $8,400
gross Profits $155,775
expenses
rent: $36,000
pay Roll: $19,200
insurance (business): $2,937
insurance (underground Tanks): $2,953
utilities (gas & Electric): $18,653
bank Charges: $614
credit Card Charges: $14,190
garbage: $1,032
accounting: $1,200
security Alarm Fees: $360
telephone: $1,100
taxes & Licenses: $3,789
total Expenses: $102,028
gross Profits $155,775
total Expenses: $102,028
net Profit $53,747
Amato & Associates Is Not Responsible For The Accuracy Of The Financial Numbers. All Numbers Must Be Verified By Buyer During The Due Diligence Period.
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:
Clean, big, bright and fully stocked. This makes an excellent start up business for anyone.
Market Competition and Expansion:
Competition is there and has been for about 4 years. The financial numbers you see is what you get. There is no down side potential for this business.
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.