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Gas Station/C-Store in Southeastern Wisconsin
| Asking Price: | $1,389,000 | Inventory: | |
| Gross Revenue: | $2,492,030 | Real Estate: | $929,000 ++ |
| Cash Flow: | $155,959 | FF&E: | $80,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Profitable, long-established CITGO Gas Station and Open Pantry Convenience Store ready for new owner to assume successful operations. Prime location on major State Highway in Southeastern WI and within close proximity to a significant North/South corridor assures commuter traffic as well as loyal, local patronage.
About the Business
Year Established:1985
Employees:5 full time -
Facilities:Gas Station/Convenience store has operated as an Open Pantry in this location for 20+ years. Facilities include 2 pumps with double hoses and 3 underground storage tanks (USTs). Each tank is equipped with an electronic tank monitoring device, and the station undergoes State-required annual safety inspections to assure environmental compliance. The current volume of gas distribution averages 40,000 gallons monthly or $1,591,875.00 in annual gross revenue. Open Pantry is under contract through 2016 to supply the fuel.
The majority of the retail space is open and stocked with racks of groceries and snacks. An ATM, 3 Video Game Machines, and a Photo Copier are not included in the purchase price, but the current contracts are assumable. The coffee machines are provided by coffee supplier Condor and can remain as long as the coffee contract is in place. The cigarette storage racking is also on loan from the distributor. Annual merchandise sales for 2008 were $900,154.00. Tobacco and cigarette sales comprise $298,165.00 of the total annual merchandise sales. Lottery sales for 2008 were $120,949.00 of the total. Additionally, ATM income was $5076.00 in 2008. The video games added in 2009 will result in an additional estimated annual income of $7800.00.
Market Outlook and Competition:Great location on busy state highway in Southeastern WI, near the intersection of a significant North/South corridor connecting Milwaukee, Racine, and Kenosha Counties. This is a long-established neighborhood store, but customers include commuters and well as fiercely loyal, local clientele. Brisk cigarette and lottery sales as well as gas. One of the three underground storage tanks could be converted to E-85 or Diesel in order to expand the product line.
About the Sale
Management Training and Support:Seller is active in the day-to-day operation of the business and is willing to help transition the business to the new owner.
Reason For Selling:Seller has another full-time job and wants to pursue other interests.
Seller Financing:Seller financing and/or long-term lease available.
Attached Files - Attachment Disclaimer
KEYWORDS: gas, c-store, beer, malt beverages, grocery, unleaded gas, sandwiches, soda, snacks, Wisconsin, Southern Wisconsin, Southeast Wisconsin
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State: Wisconsin
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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