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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