Branded Gas Station w/New 1,500 Sf Convenience Sto

Cleveland, OH
Cuyahoga County

Busy soon to remodeled Gas Station

Asking Price: Annual Revenue:
$250,000 Not Disclosed

Automotive & Boats: Gas Stations

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RE: Branded Gas Station w/New 1,500 Sf Convenience Sto Broker: Jose Pagan

Quick Facts

Asking Price: $250,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 942956097
Broker Reference #: NBG 5110 OH

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Business Overview:

Soon to be remodeled gas station with everything brand new including the convenience store that is currently 400 square feet. This station will be getting over $150,000 investment by the landlord for the new tenant so there will be nothing to do here but to run the business. The gas station has a 400 square feet store now that is currently bringing in $60,000 a month and that's all from the locals that live in the area. The new buyer will receive a new state of the art convenience store with brand new walk in cooler, POS, multiple counters and including a stand alone island for coffee. The store after the remodel (1,500 square feet) will be big enough to add a franchise if wanted we can help 7 Eleven, Corner Store, Circle K it's your choice. The landlord is confident enough to invest in the store because he knows that if the 400 sf store now is bringing in 60,000 in sales the sales should almost double if not triple when done. The landlord is also installing brand new pumps (4 total) with new card readers for the new tenant. This location is currently pumping 40,000 gallons a month at a very high margin and will increase by almost 30% after the remodel according to the market. The landlord has put his money where his mouth is on this one and offering the new operator a 10 year triple net lease (NNN) with two 5 year option 20 years total. The station will also be Branded which will increase the volume by 30% in PREM, SUP, DIESEL according the rebranding statistics on Branded vs Unbranded. The rebranding will include re-imaging on the canopy with new LED gas sale sign and RUBY system. The rent will start at $7,500 with a standard increase of 2% a year. Make an offer. Going with a branded fuel comes with certain benefits, such as instant brand recognition. Many consumers want to go with a brand they know and trust, meaning there is an instant consumer base for the business.

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Property Features and Assets:

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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.

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