Business For Sale

Convenience Store with Branded Gasoline

Not Disclosed, NH
Rockingham County

NH Seacoast

Asking Price: Annual Revenue:
$259,000 $677,940

Food & Beverage: Convenience Stores

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RE: Convenience Store with Branded Gasoline Broker: John Coto
Owner Financing is Available!
Seller will finance part of the sales to qualified buyer. Term negotiable.

Quick Facts

Asking Price: $259,000
Annual Revenue: $677,940
Net Profit: Not Disclosed
Cash Flow: $158,940
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1980
Employees: Not Disclosed
BBN Listing #: 701319624
Broker Reference #: ABB406

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Business Overview:

The 2017 cash flow is before payroll expenses. This business is a very well-known convenience store with branded gasoline. Currently serving prepared ready-made sandwiches and pizza but potential to start a deli or food service operation. The location has been a convenience store and gas station for over 30 years. The current owner has owned it since January 2016. The store sells food, health and beauty products, coffee service, beer, and tobacco products. Landlord maintains the fueling stations; the exterior of the building; and some of the interior of the building. The gasoline sales are paid as commissions and credits to the business owner thereby eliminating the need to purchase the fuel inventory and there are no credit card fees for fuel sales. Current owner does not work in the business but has a family member running the business for him. Store sales in 2017 were $622,594.00. Gross Margins are about 27-28%. Lottery and Gasoline Commissions and ATM Fees were $55,346 in 2017. Sales and Earnings can be increased by adding EBT. The owner has maintenance agreements to maintain coolers and POS system so the equipment is in very good working condition. For more information, please email or call John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC at 603-880-8200.

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Property Features and Assets:

The business leases approximately 1800 sq. building. For 2017, the Seller paid a total net rent of $11,024 for the full year after gasoline credits. Rent includes the electricity for the exterior of building, property taxes and maintenance of the gasoline equipment and pumps. Lease Term: Landlord will offer a 3 year lease term to the new owner. Lease Deposit: The landlord requires a security deposit in the amount of $20,000 that is refundable at end of lease term.

Market Competition and Expansion:

Competition Long history, well-known major gasoline brand with loyal customers. Growth & Expansion: Growth can be achieved by adding deli or food service business as well as by expanding the hours.

Reason for Selling:

Seller is relocating out of area.

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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