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Business for Sale Summary

Profitable Gas Station C-Store in Belknap County - 30868

Business Type: absentee business,convenience store,liquor store/ wine,gasoline service station
Profitable Gas Station C-Store in Belknap County
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Financial Information (non-confidential)

General Information
Asking Price $80,000 Down Payment $80,000
Gross Revenues $1,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$80,000 Down and

Business Description

With over $80 K in recent renovations revenue has increased significantly. Improvements include; new metal roof, vinyl and brick siding, improved LED lighting, new dispensers and POS system. Inventory in store also being updated to include vaping pipes with high profit margin. Located on a well traveled road heading to Concord in a four seasons resort area with proximity to lakes and mountains. Great opportunity to own a non branded gas station/convenience store on a very busy road. Over 10,000 cars travel this road each day. This summer traffic expected to increase as families vacation. There are two pumps with eight nozzles. In 2019 sold 220,000 gallons of gas! Pumps also now have premium and plus available. The convenience store sells some food, beer and, cigarettes and cold beverages. In 2018 tobacco sales were over $220,000! Lotto commission in 2019 was $6301 (was once as high as $1,000/month). Tanks are double walled and were replaced in 1990. Currently is not owner-run, and is paying $36,000 in salaries. Become an owner/operator and save a lot of this money. There is a 12-door cooler in the store to provide a wide rage of cold beverages. The convenience store, if managed properly, could do a lot more business. There is a separate deli area, with equipment, not being used. Currently, does not sell coffee. Other things that could be incorporated would be money orders, pre-paid phone or credit cards, electric car charger and fossil fuel. The lot is also large enough to provide rental trucks for moving. Currently open 7 AM - 8 PM. During peak tourist season, this should be expanded. The property, which is about .33 of an acre, would be sold with business for $375,000. Is currently in process of renting out a portion of the property, for $1,000 p/m, to sell used cars. This would be additional income for a new owner.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.