High Volume Corporate Store For Sublease
Plainview, TX Hale County
Plainview, TX
Asking Price:
$50,000
Annual Revenue:
$876,000
Request More Information Contact the Seller
- RE: High Volume Corporate Store For Sublease
- Contact: Kavita Purohit
Quick Facts
| Asking Price: | $50,000 | |
| Annual Revenue: | $876,000 | |
| 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 #: | 994987 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Store will be rebranded to Phillips 66 next month!Â
Inside Sales are over $73,000 per month! Outside sales are 40,000 gallons per month! Lottery commission is $3,700 per month!Â
Jobber Contract Terms:
- Fixed commission: 3 cents per gallon.
- Credit card fees: Jobber pays 70% and Buyer pays 30%.
- Jobber contract runs concurrently with the lease.
- Jobber is fully responsible for fuel equipment maintenance.
- Store is currently unbranded and will be rebranded with new Phillips 66 image!
- Base Rent is only $5,000 NNN per month!Â
- Estimated NNN expense (Property Tax, Insurance, and Maintenance) is $1,500 per month.
- The lease offered is triple net (NNN) with a 2% annual increase, structured initially for a 5-year term with three renewal options of 5 years each—totaling up to 20 years available!
- Half rent will be charged upon obtaining the business and tobacco licenses. Full rent will begin once the beer/wine and lottery licenses are obtained.
Buyer's Responsibilities:
- Acquisition Fee: $50,000
- First Month's Rent: $5,000
- Security Deposit: $20,000
- Inventory at cost: guesstimated to be $80,000
- Goodwill:Â ZERO GOODWILL
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Reason for Selling:
Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Texas businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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