WAPAKONETA, Ohio
| Asking Price |
$349,000 |
Year Established |
|
|
| Annual Revenue |
$0 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Kavita Purohit |
|
| Annual Cash Flow |
$0 |
Listing Number |
998191 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Convenience Stores |
|
Business Overview:
Store Information:
Interstate Exit Location
Location is a major franchise
Sales (without gas and lottery) are $350,000 per month! There are three separate businesses: The c-store, restaurant, and mechanic shop.
Mechanic shop sales are $140,000 per month with VERY high margins! Mechanic shop is only open Monday thru Friday!
Restaurant sales are $95,000 per month!
C-Store inside sales are $115,000 per month!
Lottery commission is $2,400 per month!
Outside sales are 400,000 gallons per month at 3 cents fixed commission per gallon!
Jobber Contract Terms:
Fixed commission: 3 cents per gallon
Credit card fees: Jobber pays 70% and Buyer pays 30%.
Jobber contract runs concurrently with the lease
Jobber is fully responsible for fuel equipment maintenance.
Lease Terms:
Rent is only $19,000 NNN per month! Estimated NNN expense (Property Tax, Insurance, and Maintenance) as well as Franchise Fee is $30,000 per month.
The lease offered is triple net (NNN) with a 2% annual increase, structured initially for a 5-year term with three renewal options of 5 years each—totaling up to 20 years available! Otherwise, the Buyer may choose to exit after the initial 5-year term.
Buyer Responsibilities:
Acquisition Fee: $50,000
First Month's Rent
Security Deposit of $100,000
Inventory at cost guesstimated at $700,000
Goodwill of $349,000
Demographic and Geographic Details:
Located RIGHT off the Interstate!
Median Household income is $69k!
Population is increasing by 2% year-to-year!
Near to an Elementary, Middle and High School serving over 2,400 students and faculty!
Less than 9 hours from Atlanta! 1 hour 30 min from Columbus and Toledo, OH as well as Fort Wayne, IN! 1 hour from Springfield, OH and Dayton, OH!
Asking Price for Business-only: $349,000 plus inventory! Buyer will also need to pay an Acquisition Fee of $50,000 and a security deposit of $100,000.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity