Business For Sale

Convenience-store-Gas Station & Deli with Real Est

Hanover, VA
Hanover County

Asking Price: Annual Revenue:
$1,900,000 $1,358,762

Food & Beverage: Convenience Stores

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RE: Convenience-store-Gas Station & Deli with Real Est Broker: Amit Vasavada
Owner Financing is Available!

Quick Facts

Asking Price: $1,900,000
Annual Revenue: $1,358,762
Net Profit: Not Disclosed
Cash Flow: $188,587
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 4
BBN Listing #: 842943891
Broker Reference #: 9525-85868

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Business Overview:

This is a standalone store with gas station and deli, which includes 0.75 of real estate located on prominent interstate route towards MD. It has two stories with convenience-store on first floor with approximately 3,200 square feet. The upper floor has similar space as first floor with 3 bedrooms and bath/toilet and large hall. Currently unoccupied but with some improvement/ modification could be rented out to generate additional income.
The store is situated in safe and secure environment as is in close vicinity of government offices and has fair residential community that it serves. Very importantly, it has no viable competition in immediate vicinity/neighborhood.
The owner started the Deli operations in April 2017 within the complex with separate entrance to it. The deli grosses approximately $6,200 per month. They have been making improvements since then to expand deli choices to generate additional income.
The Gas station has 3 pumps and soon likely to get into contract with gas company for competitive fuel pricing. Currently, the sales average $30k per month. However, once the new contract is in place the sales of gas may go up.
The inside sales is approximately $60,000 which can be improved by new ownership. The lottery sales commissions are very impressive in vicinity of $2,000 per month.
With addition of ATM and check cashing facility the new ownership can substantially generate incremental revenue.

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Property Features and Assets:

The store is operated by family for over 11 years and have well established reputation in local community and offices around.They have very recently added a deli section in the store and has picked up very well. With added menu it could generate additional income.

Market Competition and Expansion:

There no completion of this kind within 10 miles and has a kind of monopoly in retail. Adding additional and fast moving items to inventory could augment sales. Showing Comments Need to get NDA and complete buyer profile. Potential Growth The following could generate additional income:- 1. First floor space rented out. 2. Installing ATM machine. 3. Check Cashing facility. 4. Bill Pay. 4. Improvement in deli choices

Reason for Selling:

Moving out of area.

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.

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