Gas Station – Convenience Store with Upside Potential

Asking Price:$119,000                  Cash Flow:$65,000           Gross Revenue:$535,000

EBITDA:$67,000                           FF&E:$47,500                    Inventory:$40,000

Lease Rate:$2,830 /Month          Established:2004

Business Description

Gas station and convenience store for sale, Gross Annual sales $535,000
Approximate Annual Gross Sales
Inside sale $ 440,000
Gas $10,000
Lottery Gaming other $85,000
Jobber takes care of Fuel Pumps. lotto commission 3k, game machines 3k average, low base rent $2830 includes water and trash. 10 years lease left with 5% increase in rent for every 5 years. Surrounding area experiencing huge growth. Much new development nearby, many neighborhoods coming up around the gas station near Hwy 92. Sales may be improved with owner presence. Current owners have not tried to maximize revenue. You can net $5k to $8K per month as-is..

With a few added items that may be increased.
Ask us how.
Asking price $119,000 + inventory.
Contact James McGeehan 404-290-9982
jm@ensureusa.com

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
5/1/2030
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All FF& E to convey, gas station pump equipment. Jobber pays for all routine maintenance on gas pumps and gas equipment.
Competition:
Not many stations close by. Located in a stand alone strip mall. CURRENT OWNER NOT AGGRESSIVE WITH MARKETING WE CAN SHOW YOU HOW TO BOOST SALES !
Growth & Expansion:
Upper income neighborhoods are going up all around this station. Easily grow top and bottom line by adding, U-Hail, Check cashing, Cellphone store, small deli. Current owner has not pursued these additional income streams. Would be a Great family owned station
Financing:
seller will hold note for 10% to 15% of Sale Price

Support & Training: Owner will stay on for 1 to 3 months after closing.Reason for Selling:Owner has other business interests

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