Convenienc-Store/Gas Station Neighborhood Location

Holly Springs, NC
Wake County

Eastern NC

Asking Price: Annual Revenue:
$59,000 $350,000

Food & Beverage: Convenience Stores

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RE: Convenienc-Store/Gas Station Neighborhood Location Broker: Sara Cartee
License #: 180606

Quick Facts

Asking Price: $59,000
Annual Revenue: $350,000
Net Profit: $64,270
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 #: 32881150
Broker Reference #: CS98124

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Business Overview:

Picturesque convenience-store and gas station nestled in a residential area of Wake County. The store has virtually no competition in the surrounding area and a rapidly growing set of neighborhoods mean an expanding customer base. The business and real estate were overhauled and renovated in 2019. The landlord and business owners' hard work is your gain. The store was re-opened in the fall of 2019 and, with the onset of Covid-19, the sales growth has been inhibited. Current inside sales are $22,000/month, gas gallons 3,000/month. Current net discretionary income is approximately $5,000/month with no employees. However, the store is poised to out-perform those numbers in the near future as more of the local traffic rediscover this business. The remodeling looks fantastic and will attract a lot of of the upscale clientele that live nearby as they begin to venture out more in the coming months. There is also some rural commercial traffic that comes by the store in addition to some recreational travel that brings cars by the store to visit a park nearby. A new owner could expand the business by opening on Sunday, during which the store is currently closed.The business owner is a contractor by trade and is ready to be back out in the field and is the reason he is selling.

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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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