Speedway - Cash Flow Over $200,000!

Not Disclosed, MN
Dakota County

South Suburbs of Mpls.


Asking Price: Annual Revenue:
$1,100,000 $3,663,448

Automotive & Boats: Gas Stations


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RE: Speedway - Cash Flow Over $200,000! Broker: Bill Kraemer

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $3,663,448
Net Profit: Not Disclosed
Cash Flow: $206,500
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $1,450,000
Year Established: 1992
Employees: 8
BBN Listing #: 234140231
Broker Reference #: 8114 B.K.

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Business Overview:

Speedway Gas station franchise - located in a southern TC suburb. Established for 26+ years with the current owner owning it since 2013. This is a very nice gas/convenience store, located in a fast-growing community with a strong customer base. Business sells gas, grocery items, beverages, snacks, cigarettes, and other tobacco products, lottery and has an ATM. The business installed a new carwash just over a year ago and the sales and profits have more than doubled. The hours of operation are Monday through Friday 5:30 am to 11:00 pm, Saturday and Sunday 6:00 am to 11:00 pm. Owner works 20 – 25 hours per week.

EMPLOYEES: There are 4 full time and 4-part time. The owner is the part-time manager who runs the operation, along with the full-time clerks. The part time employees are paid $10.00 - $ 12.00 per hour.

FACILITY: Newly remodeled to a Speedway franchise is 4042 sq. ft. located on a 1.24-acre lot.

GROSS SALES/CASH FLOW: Gross sales for 2018 were $3,663,448, for 2017 were $3,417,213, for 2016 sales were $3,432,275. Cash flow to the owner operator, based on
2018 numbers were approx. $206,505, 2017 numbers were approx..$188,500. The sales will fluctuate year to year due to gas prices.

ASKING PRICE: The asking price for the business, franchise rights, land and building is $1,319,000. A 2013 appraisal valued the land and building at $1,100,000. The value of the furniture, fixtures and equipment is approximately $150,000 (included in asking price), and the value of the inventory (gas and other inventory) is approx. $70,000 (not included in asking price). The new Car Wash Lease is not included. The monthly payment is $2,300.00 per month with less than 4 years left on lease to own. Purchaser will need to be approved by S.A. (franchisor).

Seller very motivated due to health.

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Property Features and Assets:

Newly remodeled to a Speedway franchise is 4042 sq. ft. located on a 1.24-acre lot.

Reason for Selling:

Health

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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