43 Year Old Gas Station & Mechanic Shop

Not Disclosed, AL


Asking Price: Annual Revenue:
$550,000 $1,073,800

Automotive & Boats: Auto & Truck Repair & Service


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RE: 43 Year Old Gas Station & Mechanic Shop Broker: John Whitten

Quick Facts

Asking Price: $550,000
Annual Revenue: $1,073,800
Net Profit: Not Disclosed
Cash Flow: $85,000
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: Not Disclosed
Year Established: 1977
Employees: 4
BBN Listing #: 309158883
Broker Reference #: 86715-371383

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Business Overview:

Family owned and operated since 1977. This is a profitable gas station that has received much higher margins than their competitors mainly from gas sales that consist of 70% of their total sales while averaging an estimated 30,000 gallons of gas a month. Their other income is from their inside sales, which is estimated at 30% of total income. In addition to their main sales, they also receive supplemental income of $1500 a month from leasing out their mechanic shop, which is connected to their existing building. It should be noted that they do not sell any beer and wine nor are they open on Sunday. Major growth opportunity with additional sales for opening 7 days a week!

The purchase price includes both the business and real estate, which the building sits on an estimated 1/2 acre of land while having great visibility near Anniston, AL with a high car count. The building and pumps are estimated 3,324 Square Feet. The store is located on a busy street with many residential homes all around. Room for expansion includes extended hours including opening on Sunday's and Alcohol sells!

Family owned 1977, The brothers opened as a gas, grocery, and mechanic shop and continue to run the daily business operations. This is a second generation business owned by the family members. The business provides strong community support and has always been a trusted location for gas and quick serve grocery items.
Competitors located them are the following:

A small Convenience-store located less than a mile away
A liquor store - quarter of a mile
1 mile away - dollar general

Gradual increase in sales year over year due to the increased homes built near the country club and subdivisions located near the store.

It should be noted that they do not sell any beer and wine nor are they open on Sunday. Major growth opportunity with additional sales for opening 7 days a week!

Gas station with pumps, mechanics shop connected.

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Reason for Selling:

Retirement

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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