2 Gas Stations w/ C-Stores, Net 290k, Priced to Sell, Property Option

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Asking Price:
$599,000

Gross Revenue:
$6,400,000
Cash Flow:
$290,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Store #1
The seller recently bought the business and property. He is now selling the business part for a very attractive price and lease terms with property option.
Spectacular 4000 square foot gas station, c-store and Subway Shop for sale in Erie Pennsylvania (population 100,000). Station has been there for 20 plus years with a total make over 2-3 years ago and operational hours from 6am to 10pm.. The station runs 100% absentee and all sales are with a POS system that makes the financials verifiable. Gas - 110k gallons monthly (4 pumps as well as diesel), C - store 96k monthly, Subway - 15k monthly. Rent is very favorable with 15 years @ $5800 monthly with small increases. Property option available after 5 years. Accurate net is 195k yearly with 2 managers that get paid 100k yearly. Great price at $395,000 plus inventory. POF needed before address is given out to potential buyers as per the seller.

Store #2
The seller recently bought the business and property. He is now selling the business part for a very attractive price and lease terms with property option.
A 100% absentee gas station and C - Store for sale in Pennsylvania. Gas sales are 48k monthly and C - Store sales are approximately 53K monthly. Net is 91k, rent is $2800 monthly with small increases and a 15 year lease.
Property option is available after 5 years. POS system make all sales 100% verifiable. Great price at $215,000 plus inventory. Make your money back in 2 years. POF needed before address is given out to potential buyers as per the seller.

About the Business

Year Established:
2001
Number of Employees:
16
Real Estate:
Leased
Building Sq. Ft.:
4,000
Lease Rate/Sq. Ft./Mo.:
$8,600.00
Lease Expiration:
3/9/2034
Facilities:
Well Maintained
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About the Sale

Reason For Selling:
Many other business interests
Training/Support:
Will train

Listing Info

ID:
1481675
Ad Detail Views:
803

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Business Listed by

Gregg Wilson

Progressive Business Brokers - 12-67483

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U.S. Census Data for Erie County, PA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Erie County, PA
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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