Profitable Gas Station Owner Absentee

Not Disclosed, FL
Broward County

1 MILE WEST OF I-95


Asking Price: Annual Revenue:
$550,000 Not Disclosed

Automotive & Boats: Gas Stations


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RE: Profitable Gas Station Owner Absentee Broker: Roberta Caputo

Quick Facts

Asking Price: $550,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $128,025
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 6
BBN Listing #: 7446344
Broker Reference #: 3803

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Business Overview:

Recently renovated profitable Gas Station and Convenience-store. Absentee owner. Excellent location on primary avenue 1 mile west of I-95. 8 Fueling Positions. Gasoline purchases result in a .30 to 45 cents, $1 on Prem/per gallon profit on 25,000 to 30,000 gallons per month. Ideal for an Owner operator or a couple for higher profit. C-store sales $27,000/month @35-40%. Cash ATM and Bitcoin ATM income. Lotto sales $3,000/month New pumps from 2021, 3 tanks 10,000/gallons each. Seller invested $250,000 in renovations. Everything is in place for the new owner to start earning on day one and continue this profitable operation. The numbers reflect a new owner replacing the current manager. This is a local stop for neighbors and this is the 1st Gas station stop heading west from I-95 traffic. Excellent books/records show consistently high margins & profits. 14 parking spots. plenty of room in this corner property. Buyer must qualify w/proof of funds w/listing Broker before location/name of the business is disclosed. Should qualify for E2 Visa. Please Do Not Disturb Employees.

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Property Features and Assets:

1,100 Square Feet INTERIOR STORE. CORNER PROPERTY STORE FRONT OFF MAIN AVENUE. PLENTY OF PARKING.

Market Competition and Expansion:

Overall, convenience stores sell approximately 80 percent of the motor fuels purchased in the United States. This gas station makes between .30 and .45 cents & $1.00 (Prem) per gallon. Convenience store makes about 35-40 % of gross profit from merchandise sales. A new Owner operator does have to have a high learning capacity. Direct experience in the gas station business will be helpful. Know your competition, and monitor new methods of keeping existing customers. A new owner must understand the hours involved; most stores are open 100 hours or more per week and many are 24/7. Dealing with vendors and price increases requires attention to detail. A new owner needs a minimum of basic accounting, inventory management, and some light marketing; and they should take advantage of any major oil training schools. When doing your due diligence, make sure you have a good CPA who understands gas stations, and an attorney who has been involved with gas station transactions in the past, on your side. Most gas stations which are bought without real estate are unable to obtain any bank financing so the buyer needs to come up with all the money. Establishment owners have begun to offer a wider variety of goods inside their stores. Operators will continue to offer more higher-profit goods and services. Total vehicle miles are expected to increase, driving demand for gas upward. Look for technology to become more of a competitive requirement and less of an option. Due to local/state regulations new ground-up locations are taking more time than in the past. Product needs are not going away soon. You need only one cashier in the shift to manage the gas station, unlike some other retail businesses where several employees are needed. You can have multiple locations over a period of time due to the ease of doing this business. If you have a good manager, you just need to go to the station once or twice a week. Gas stations generate traffic; you need to have a well-stocked convenience store to bring people in. Growth Notes: Continued expansion, and provide products and services to the community. Historical profit trend: Profits are up in the gas station and C-store offerings; they are deemed essential services. There is a great demand for these types of properties; they need to make significant investments in to-go services, carry-out sales, and upgrades to add EMV charging. The perception of risk and the judgment of competition and marketability is largely a function of the experience, skill and competency of the owner running the business. Product needs are not going away soon. If you get good at it, you can make more money than in other retail businesses. Also in this COVID-19 environment, gas stations are considered an essential business. Recession-proof business High consumer demand for products with good growth potential in the near future. Multiple profit centers located within a single facility. Be your own boss and hopefully make a good living, if you watch the merchandise margins. Cash sales. Requires limited English language skills. The convenience store business is still a profitable business if you have a good location, keep your overhead low, and give your customers good service. Convenience stores are just what their name implies. They were built for convenience for customers to run in and run out and will continue to have a long life if managed properly and control their costs.

Reason for Selling:

PARTNERS DIFFERENT INTEREST. OPERATED 100% OWNER A

Additional Details:

  • The property is owned.
  • The owner is not 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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