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Profitable Gas Station / Convenience Store
Not Disclosed, NC
WAYNE County
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| Asking Price: | Annual Revenue: |
| $250,000 | $969,057 |
Automotive & Boats: Gas Stations
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RE: Profitable Gas Station / Convenience Store
Contact: Sean Rollins
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $969,057 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 20,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1980 | |
| Employees: | 3 | |
| BBN Listing #: | 380758201 | |
| Broker Reference #: | 13485-156379 |
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Business Overview:
This gas station/convenience store has minimal competition as it is one of two gas station/convenience stores in town. Both owners work well together and match each others prices on gas. The owner has just made a large upgrade, and installed brand new gas pumps in 2022. He does not have a contract with any oil company, new owner would be free to manage gas purchases as they see fit. The business sees gas sales of up to 18,000 gallons per month. One of the benefits to the limited competition is that there are large margins on gas and diesel. Currently margins fluctuate between $.70 - $1.00 per gallon on diesel, and $.40 - $.50 per gallon on regular.
Inside sales margins are estimated to be 30%, and include tobacco products, lottery, grocery items, and vape products, no alcohol sales. vape products were recently added to his inside sales, and are selling very rapidly. His plans are to increase the volume of vape products and shelf space in the store, as there is such a strong market for these products.
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Market Competition and Expansion:
This gas station/convenience store has been in town for over 30 years; current owner purchased it 4 years ago. This business has a great reputation in town, as employees have a great rapport with customers. Only one other gas station/convenience store in town. Limited competition. New owner could see a significant revenue increase by increasing the vape sales, as the demand is very high. Additionally, there is an unused space that could be used as a kitchen, and hot foods could be added to inside sales.
Reason for Selling:
Other business interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more North Carolina businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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