Financing: $325,000.00 Down and $20,000 at 5.5% over 18 Months
Reason for Selling:Retire
Absentee-run, profitable, yet growing branded gas station and independent convenience store for sale.
Own a growing branded gas station with a busy, yet growing independent c-store on a heavily traveled roadway in PA. This business sits prominently on a road that offers a traffic flow over 10,000 vehicles per day, and sits on the busiest intersection in town.
They currently have the balance of a 7-year supply agreement (4 years left), with a highly sought-after brand of gas and diesel. Set your own margin, says the seller.
Gas sales have risen steadily since this brand of gas and $90,000 in updates were installed in 2015. Business also includes an absentee run and growing independent c-store of 2500 sq. ft.
Features include low rent at $3,450/month, a long-term (up to 20-year) NNN lease. Also included are updates: 3 new pumps with 6 fueling positions, a brand new POS system, and new, outdoor LED fuel pricing signage. Presently doing $66,200 annual profit on gas @ $.16/gallon average margin, including 500 gallons/month diesel @ 0.80/gallon margin (no diesel in area).
C-store sales average $63,000 a month without lottery. Also, with the recent installation of skill gaming, seller is enjoying an extra $46,200.00 in annual profit.
Bill pay & money order generate $2,500 commission a year, lotto commission is $42,000/year, and ATM income is $5,500/year. Importantly, this money is being made during limited hours- store hours: 6am - 10pm. There is plenty of room for growth by adding deli, check cashing, commercial high marine diesel, and more. Seller claims absentee owner will enjoy a cash flow of $165,910.00/year, while an owner/operator will enjoy a cash flow of $258,010.00.
Seller will be happy to give all historical sales and all other docs needed to a qualified buyer in due diligence.
Property Size: 0.5 Acre.
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
