Business For Sale

335435-RB Profitable Branded Gas Station

Not Disclosed, VA
Henrico County

Asking Price: Annual Revenue:
$225,000 $786,000

Automotive & Boats: Gas Stations

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RE: 335435-RB Profitable Branded Gas Station Broker: Rupesh Bharad
Owner Financing is Available!

Quick Facts

Asking Price: $225,000
Annual Revenue: $786,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 5
BBN Listing #: 93643891
Broker Reference #: 9525-335435

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Business Overview:

This business has operated successfully for over 22 years. The location is just across the road from a major event venue, this gas station and Convenience-store has a beautiful standalone building on a 0.70 acre lot of real estate and cannot be missed! Current employees include 1 assistant manager, 1 shift manager, and 3 deli assistants working at this location, with the assistant manager having 12+ years of experience at this store.
The gas station has 2 gas pumps offering Premium, Mid-Grade, & Regular gasoline as well as 1 Diesel pump and 1 Kerosene pump supplied by PAPCO, with a contract expiring in 2020. Customers are purchasing 28,960 gallons of fuel every month, at a profit of $0.20 per gallon, as well as purchasing 5,000 gallons of kerosene every season at $0.70 profit and making use of the ATM, Air compressor, and Vacuum to give an additional $1,000-1,200 per month.
Inside is busy as well! The convenience store is equipped not only with a Krispy Krunchy Chicken counter ($10,463/month), grocery ($5,472/month), beer & wine sales ($12,960/month), but also with Lottery sales ($5,449/month Commission) and Check Cashing, Bill Payment, and Money Order services ($300/month). The convenience store is also in the process of accepting SNAP cards from customers.
Included in this sale is new equipment, installed in May 2018, including new inside lighting, AC unit, beer cooling system, and drink cooler cooling system (over $27,000 value). Also a large amount of kitchen equipment comes with the store, including two walk-in coolers, a walk-in freezer, a 5-foot hood, Henny Penny fryer, table top fryer, 3-compartment sink, and 7-compartment Henny Penny warmer. Outside there is a 24 camera security system.
The monthly rent for this location is $7,750 and insurance is $4,800 for the year.

Inside Sales $55,000 per month at 24-26% margin
Inside Sales Breakdown
Drinks: $6,680 at 35% margin
Grocery: $5,472 at 30%
Beer & Wine: $12,280 at 25% margin
Cigarette: $13,742 at 9% margin
Tobacco: $3,500 at 32% margin
Non-Food: $2,309 at 50% margin
Deli Sale: $10,463 at 45% margin
Gasoline Sales: 28,960 gallons per month at $0.20 profit / gal
Lottery Commissions: $5,449 per month
Check Cashing / Money Order: $300 per month
Kerosene Sales: 5,000 gal per season at $0.70 profit / gal
ATM / AIR / Vacuum: $1,000 -1,200 per month

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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