Financing: $90,000.00 Down and
Reason for Selling:Other business interest
Owner needs to sell due to other business interest! Located on a very busy road and one of only gas stations on his side of the road. Make some cosmetic improvements (paint, flowers, etc.) to really draw people in as the retail price on the gas is competitive for the area.
This is a branded gas station. Owner currently sets the retail price, but could also be set up on a commission basis. Currently being run absentee. Cash flow stated is after payroll of about $36,000. If it was owner-operated, cash flow would increase significantly! In 2019 sold about 450,000 gallons.
Convenience store sales of $40,000/month. Store sells beer and has license to sell wine. They also have soda, chips, cigarettes, etc. Lottery net income of $500 - $700/month. Opportunity to increase convenience store profits by selling wine, doing more marketing, and providing items or services that take no space, i.e pre-paid phone cards, etc. You could also do truck rentals, which have a significant profit margin. Additional storage area for cold beverages and convenience store items.
Cost of inventory is for convenience store items and gas in tanks. Revenue has been increasing and expected cash flow for 2020 is expected to be close to $60,000. Make an offer now while seller is very motivated!
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