Neighborhood Convenience Store with Gas
| Asking Price: | $170,000 | Inventory: | $75,000 ++ |
| Gross Revenue: | $1,176,250 (comments below) | Real Estate: | n/a |
| Cash Flow: | $92,186 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: April thru Sept 2009 annualized | |||
| Cash Flow Comments: April thru September 2009 annualized | |||
This is the most popular C-Store in its busy residential and commericial area. This business comes with $75,000 of inventory included in sale, which greatly reduces a new owners working capitol outlay.
This store had sales of $2.8 million during the original semi-owners management with a bottom line to the of $125,000. The owner turned it over to his son's and he relocated out of state. The son's ran it poorly over a 3 year period.
New owners came in last year and built up the inventory, added another gas pump, improved the store to the point that it is nicer then it has ever been. Sales have increased each month since their purchase in November of 2008. The Previous owners did not keep inventory up and kept gas prices .20 to .40 cents higher then the competition in the area, which killed sales in the store and at the pump. Sellers have corrected these errors and others and sales are growing greatly. Total price is only $170,000 INCLUDING THE $75,000 INVENTORY. The store has an attractive lease in place. Great potential to add a fast food franchisee to this location. It has a drive up window.
This store had sales of $2.8 million during the original semi-owners management with a bottom line to the of $125,000. The owner turned it over to his son's and he relocated out of state. The son's ran it poorly over a 3 year period.
New owners came in last year and built up the inventory, added another gas pump, improved the store to the point that it is nicer then it has ever been. Sales have increased each month since their purchase in November of 2008. The Previous owners did not keep inventory up and kept gas prices .20 to .40 cents higher then the competition in the area, which killed sales in the store and at the pump. Sellers have corrected these errors and others and sales are growing greatly. Total price is only $170,000 INCLUDING THE $75,000 INVENTORY. The store has an attractive lease in place. Great potential to add a fast food franchisee to this location. It has a drive up window.
About the Business
Year Established:1991
Employees:1 full time - 7 part time
Facilities:The nicest c store in this neighborhood and commerical retail area. Sales out of the drive thru window could be expanded. with addition of brand name franchise food business.
Market Outlook and Competition:The area is growing with a large condo complex going in right next door. The store is increasing in sales since Nov 08 ownership. Very well known and popular store in the area.
About the Sale
Management Training and Support:Seller will provide full training
Reason For Selling:Other business responsibilities, extensive drive 40 miles away to store from home, shuttling kids and comming in each day to do books and ordering for just one to two hours a day is not desired.
KEYWORDS: c store, gas station, convenience store, convienence store, 7 11, fast food, retail, coffee shop, espresso
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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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