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Gas Station with C-Store and Auto Sales Business

Gas Station with C-Store and Auto Sales Business
Listing:
1686
Great Opportunities to Grow Revenues
Revenue:
$3,300,000
Cash Flow:
$411,000 Pro Forma
Asking Price:
$950,000
Asking price details:
+inventory
Business Description:

This is a terrific opportunity to own an unbranded gas station in a city area with limited competition. The station is located on a heavily travelled commuter route. The income to a working owner is over $400,000 and the business continues to grow annually. In addition to the typical convenience store items, this station has a license to sell Lottery and Western Union which drives daily traffic to the station.

The station enjoys high pooled margins of around .25 cents for regular gas, credit sales .42 cents. The station sells a higher percentage of premium gas averaging .82 cents. All combined allow for higher margins. The sale of diesel fuel would allow the station to cater to owners of diesel-powered cars and commercial vehicles.

The station has 2 pumps with 2 users each side and the gas island. There are 3 MPD’s as is typical with most stations, this gas station has a lease through 2025 with a ten-year option. The rent is $7,000 per month. The leases are usually renewed if there are no problems with the owner.

The C-Store carries many varieties for different cultures. In addition to the convenience store foods and beverages, this station has the lottery, and western union as well as general merchandise. The Lottery commission is about $12,000 annually.

The station operates with attendants and is also self-serve. It is open 7 days a week. The owner spends about 40 hours a week managing the station and does not work as an attendant. It is believed that the employees will stay for a new owner.

Auto Sales Business Sale Price is $330,000.

Growth Expansion and Opportunities:

Adding diesel fuel can be promoted to add more types of vehicles. Expanding the convenience selection. The station does little advertising, doing so could increase revenues.

Support & Training:

The seller will provide training and support to ensure a smooth transition

Employees:
6 plus the owner
Terms:
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker:

Brian Labonte

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