C-Store Convenience Gas Station - Pumping 1 Million Gallons Profitable
Location: North Dakota > Cass County
Industry: Retail Stores > Convenience Stores
Financials
Asking Price: $795,000
Gross Revenue: $4,200,000
Cash Flow: $180,000
Inventory: $100,000 (Not Included in Asking Price)
FF&E: $394,000 (Included in Asking Price)
Real Estate: $350,000 (Included in Asking Price)
Seller Financing: May carry note for right buyer
Business Summary
Great opportunity, includes well maintained real estate, Independent and pumping roughly 1 million gallons, profitable C-Store
Started in 1969 and has been operated by the current owners since 2003. Operating out of a 1269+ square foot building and a ½ acre corner lot along a busy arterial road has enabled them to grow revenues from $850K in 2002 to currently being on track for well over $4,200,000 in just five years with a great reputation for friendly service. The revenue is broken down 59% gas and 41% in the store. The sellers discretionary earnings are strong six figures. There is a canopy with 2 islands and 4 pump stations (6 hose dispensers) with card readers. Fuel storage consists of 3- 8000 gallon tanks (single wall fiberglass, installed 1998). Everything is newer Gilbarco equipment and software. The store is clean and well kept and includes an almost new coffee/deli/cooking area. The lot has been cleaned, fixed, seal coated and restriped this spring. They are currently not using over half their property which is prime location for a car wash that would be an excellent growth opportunity.
Started in 1969 and has been operated by the current owners since 2003. Operating out of a 1269+ square foot building and a ½ acre corner lot along a busy arterial road has enabled them to grow revenues from $850K in 2002 to currently being on track for well over $4,200,000 in just five years with a great reputation for friendly service. The revenue is broken down 59% gas and 41% in the store. The sellers discretionary earnings are strong six figures. There is a canopy with 2 islands and 4 pump stations (6 hose dispensers) with card readers. Fuel storage consists of 3- 8000 gallon tanks (single wall fiberglass, installed 1998). Everything is newer Gilbarco equipment and software. The store is clean and well kept and includes an almost new coffee/deli/cooking area. The lot has been cleaned, fixed, seal coated and restriped this spring. They are currently not using over half their property which is prime location for a car wash that would be an excellent growth opportunity.
About the Business
Year Established: 1975
Employees: 4 full time - 5 part time
Facilities: Very well maintained building, 1/2 acre corner lot (only C-store/gas on the corner of this intersection), Gilbarco equipment, fiberglass tanks
Market Outlook and Competition: HUGE opportunity to add a car wash with open space on lot.
About the Sale
Management Training and Support: Owner will stay and train and great employees in place
Reason For Selling: Other business
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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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