451728-CW High Traffic Branded Gas/C-Store in Harrisonburg, VA.

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Profitable! Expandable! Established! Growth Potential!
Asking Price:
$190,000

Gross Revenue:
$3,456,000
Cash Flow:
$134,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$65,000
not included in asking price

FF&E:
$85,000
included in asking price

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Business Description

This business has operated successfully for over 20 years. Located just across the road from a major event venue, this gas station and C-store has a beautiful standalone building with a Credit Union located next to it, cannot be missed! Current employees include 2 shift managers, with the assistant manager having 5+ years of experience at this store.
The gas station has 8 gas dispensers (16 pumps) offering Premium, Mid-Grade, & Regular gasoline as well as Diesel and 1 Kerosene pump, current contract expiring in 2027. Customers are purchasing over 90,000 gallons of fuel every month.
Included in this sale is new equipment, installed in June 2017, including new inside lighting, AC unit, beer cooling system, and drink cooler cooling system (over $70k value). A good amount of kitchen equipment comes with the store, including two walk-in coolers, and a walk-in freezer. Outside there is a 12 - camera security system.
The monthly rent for this location is $5,800 and insurance is $1,800 for the year.
Loyalty: 5% from store sales.16 pumps, large lot and store space. It is a turnkey operation. Absolutely neat and clean. Must see to appreciate!

Inside Sales $65,000 per month at 34% margin
Inside Sales Breakdown
Grocery - 50.82% of total sale at 38% margin
Beer - 30.06% of total sale at 94.20% margin
Wine - 2.96% of total sale at 100% margin
Cigarette - 9.41% of total sale at 33.06% margin
Gen. Merchandise - 8% of total sale at 42% margin
Gasoline Sales 95,000 plus gallons per month at $0.02 profit / gal
Lottery Sales $500 per month Commission
Check Cashing / Money Order / Western Union / MoneyGram N/A
ATM / AIR / Vacuum $200 per month
Cigarette Buydown/Rebate $2,000 per month

About the Business

Year Established:
1998
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
3,500
Lease Amount/Mo.:
$5,800.00
Facilities:
•Personalized customer service and commitment to quality
•Located on Very Busy Intersection traffic light.
•Land Mark Sign
•Opportunity to expand convenience store. There are numerous items that can be added.

Gas Station with Conveniently located near a Very Busy Intersection traffic light. 2 Entries from 2 major roads. In most sought market. Very Busy road.
Market Outlook/
Competition:
One of only two full service Convenience store/ gas stations with food on heavily traveled main road, near college. Excellent inside and gas sales. Business has full security system. Turn Key!
Growth & Expansion:
Due to its location on main arterial road it drives traffic combined with nearby neighborhood community.
The new ownership if adds Check cashing and bill pay it would increase their top line revenue.
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About the Sale

Reason For Selling:
relocated
Training/Support:
2 weeks

Listing Info

ID:
1515679
Ad Detail Views:
1297

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Business Listed by

Cobus van der Watt

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:

Transworld Business Advisors CEO, Rupesh Bharad
Transworld Business Advisors of Richmond VA

U.S. Census Data for Harrisonburg city County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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

U.S. Community Survey Data for Harrisonburg city County, VA
Income

Education

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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