Seller's Contact Information
- RE: SBA Approved-Ed’s Service Gas Station & Tire Shop
- Contact: Tom Doyle
Quick Facts
Asking Price: | $700,000 | |
Annual Revenue: | $2,539,018 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $245,652 | |
Total Debt: | Not Disclosed | |
FF&E: | 319,000 | |
Real Estate: | $185 | |
Year Established: | 1968 | |
Employees: | 2 | |
BBN Listing #: | 182235915 | |
Broker Reference #: | 2959 |
Business Overview:
Ed’s Service gas station and auto repair shop for sale in Iowa, is a family-run, independent business for fuel, tires, oil and auto repair for patrons in the town of Bancroft and surrounding communities. Ed's retains their large, loyal customer base by offering courteous attention to the services they provide. The second-generation owners provide unique services such as full-service fuel fills, pick-up and delivery of vehicles for repairs and a mobile truck service which provides tire repair and installation to farmers who break down in their fields, providing assurance that their downtime during planting and harvesting will be kept to a minimum.
This business is SBA approved with 10% down from buyer.
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Property Features and Assets:
Ed's Service has three real estate parcels that come with the sale of the business. The service station sits on Hwy 169. The tire inventory is stored in a 30’ x 50’ building nearby. Across the street is an empty lot for additional storage and parking for customer vehicles. The price for the Real Estate is $185,000 and is offered through Robert Clements, Next Generation Realty 2011 NW 100th St., Clive, IA 50325.
Market Competition and Expansion:
Ed’s Service is the only business with a mobile service truck used for on-site tire replacement and repair available in Bancroft and the surrounding communities. The station has a 24-hour Credit/Debit card fuel service which allows fuel access for customers on Saturdays, Sundays and after hours. Ed’s Service could increase revenues by adding an ASE certified mechanic which would expand the service offerings and bring in new customers. A potential new revenue stream could be realized through the addition of a car wash facility. There are currently no car washes serving the community. Additional locations could be opened as Ed’s Service is so popular, customers in other communities have asked the owners to open similar locations in their towns.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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