Located in a small town along Highway 101 in the hub of water leisure and sports with river, lakes and sea.
Reopened in 2013 as a non-brand gas station, this business is growing very fast with excellent cash flow to owner, winning over the competitors with unique features and
12 month trailing store sale at 1.17 million and gas sale at 2.78 million. Gross margin for store is 27.5% and for 12% for gas/approx. 40 cents per gallon. Gas margin is the highest in the area first because it is a non-brand gas station without long term supply contract obligations and secondly it is the only gas station that sells non-ethanol clear premium at a big margin. The non-ethanol clear premium is preferred by boats and leisure vehicles rusing to this area for water leisure and sports.
Gross margin ataround $650,000 after fuel tax. Expense for current owner is approx. $320,000 with owner working minimal hours. A large room for a new owner to cut down expense and increase profit.
Opening 5:30 am ~ 9 pm. Very easy to operate.
Eligible for SBA loan with $300,000 down for qualified buyers. Owner may carry with large down.
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Property Features and Assets:
Four islands with 8 dispencers and canoopy. Spacious market wth a drive through along busy highway. Approx. 5,000 square feet. Newer building with new equipments and fixtures complete with a spacious kitchen and walk-in cooler.
Two double wall 20,000 gallon tanks installed in 2002. Long highway frontage for easy in-and-out.
Market Competition and Expansion:
There are competitions around, but this station + market is winning the competitions with its spacious and well stocked market and cear premium gas without ethanol.
New owner may add menu to the hot food corner.
Reason for Selling:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.