Business For Sale

451728-CW High Traffic Branded Gas/C-Store

Harrisonburg, VA
Harrisonburg City County


Asking Price: Annual Revenue:
$190,000 $3,456,000

Automotive & Boats: Gas Stations


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RE: 451728-CW High Traffic Branded Gas/C-Store Broker: Cobus Van Der Watt
Owner Financing is Available!

Quick Facts

Asking Price: $190,000
Annual Revenue: $3,456,000
Net Profit: Not Disclosed
Cash Flow: $134,000
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 3
BBN Listing #: 339643891
Broker Reference #: 9525-451728

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Business Overview:

This business has operated successfully for over 20 years. Located just across the road from a major event venue, this gas station and C-store has a beautiful standalone building with a Credit Union located next to it, cannot be missed! Current employees include 2 shift managers, with the assistant manager having 5+ years of experience at this store.
The gas station has 8 gas dispensers (16 pumps) offering Premium, Mid-Grade, & Regular gasoline as well as Diesel and 1 Kerosene pump, current contract expiring in 2027. Customers are purchasing over 90,000 gallons of fuel every month.
Included in this sale is new equipment, installed in June 2017, including new inside lighting, AC unit, beer cooling system, and drink cooler cooling system (over $70k value). A good amount of kitchen equipment comes with the store, including two walk-in coolers, and a walk-in freezer. Outside there is a 12 - camera security system.
The monthly rent for this location is $5,800 and insurance is $1,800 for the year.
Loyalty: 5% from store sales.16 pumps, large lot and store space. It is a turnkey operation. Absolutely neat and clean. Must see to appreciate!

Inside Sales $65,000 per month at 34% margin
Inside Sales Breakdown
Grocery - 50.82% of total sale at 38% margin
Beer – 30.06% of total sale at 94.20% margin
Wine – 2.96% of total sale at 100% margin
Cigarette – 9.41% of total sale at 33.06% margin
Gen. Merchandise - 8% of total sale at 42% margin
Gasoline Sales 95,000 plus gallons per month at $0.02 profit / gal
Lottery Sales $500 per month Commission
Check Cashing / Money Order / Western Union / MoneyGram N/A
ATM / AIR / Vacuum $200 per month
Cigarette Buydown/Rebate $2,000 per month

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Property Features and Assets:

•Personalized customer service and commitment to quality •Located on Very Busy Intersection traffic light. •Land Mark Sign •Opportunity to expand convenience store. There are numerous items that can be added. Conveniently located near a Very Busy Intersection traffic light. 2 Entries from 2 major roads. In most sought market. Very Busy road.

Market Competition and Expansion:

One of only two full service Convenience store/ gas stations with food on heavily traveled main road, near college. Excellent inside and gas sales. Business has full security system. Turn Key! Due to its location on main arterial road it drives traffic combined with nearby neighborhood community. The new ownership if adds Check cashing and bill pay it would increase their top line revenue.

Reason for Selling:

Relocated

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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