C Store & Lease Properties

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C-Store and Lease Properties
Asking Price:
$1,200,000

Gross Revenue:
$2,950,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$80,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$1,000,000
included in asking price

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Business Description

By appointment only. To be arranged by phone or email.
This site will only let me exhibit 6 pictures, this is not enough. The store is L shaped so could not shoot beer area, main building is appr. 16k feet with store, restaurant, much office space. Mechanic's area (2) has four roll up auto and truck freight doors, two semi roll up doors, etc.
Approx 3 acres with multiple lease units, hand car wash and self operated store.
This intersection is of two US Highways (16,000+ daily traffic count) with the nearest competition about a mile away.
Store is 1500 feet - currently operated by owner (lease value $2,850 possibly more)Part of Building #1
Restaurant is 1250 feet - rented at $1,000 per month. Part of Building #1
Tax Service is 1600 feet - rented at $900 per month. Part of Building #2
Veterinarian is 800 feet - rented at $520 per month. Part of Building #2
Car Wash is three bay 2000 feet - rented at $500 per month. Building #4
Subway is 1200 feet - rented at $1143 per month. Part of Building #3
One empty retail is 1800 feet - rents at $900 per month. Part of Building #3
There are two mechanic shops which total approximately 6500 feet of unused space, or used by owner for storage and maintenance. One of the shops is large enough to accomodate a diesel repair shop which the are could definitely use due to heavy through traffic including about 15 logging companies.
The potential income of misc area and two shops are $2500 to $3500 per month.
Store generates $65 to $77k per month inside. ATM is consistent, rarely dropping below $1000 per month in owner commissions.
Fuel sales are consistent and profitable at 60,000+ gallons and 10 cent or more margins. Prices are set by owner.
Current lease income is $4,000 plus per month.
I much prefer a cash sale and am somewhat flexible. In the event of owner finance, a potential buyer would have to meet certain requirements and flexibility would decrease.

About the Business

Location:
Lafayette, Alabama
Year Established:
2009
Number of Employees:
4
Franchise:
Yes
Real Estate:
Owned
Building Sq. Ft.:
19,000
Facilities:
There are three large entries from the intersecting US highways and 3/4 to one full acre that is flat and cleared with gravel base if use is needed.
This is a good little store, cheap utilities, labor and easy to run. There are (4) Gibarco gas dispensers which are about 4 years old, (1) high volume diesel dispenser about 6 years old, (1) older off road diesel dispenser for a total of 10 fueling points.
New Sapphire POS, one year old ATM, shelving and misc equipment throughout the premises.
Asphalt was partially reworked and all sealed a year ago.
Market Outlook/
Competition:
There are two stores approx a mile away in separate directions but they have nowhere near the traffic count. This will continue to be the only store at the best intersection for probably decades to come. Simply put, set your prices and forget them.
Growth & Expansion:
This is a small and efficient store. A new perspective on trends, EBT, possibly incorporating the restaurant into the store should benefit greatly. About six months remain on the restaurant so not so long. Also I do not sell cheap beer as the people who buy them tend to be noisy and less considerate with women and children around the premises.
I have never advertised nor posted FOR RENT signs for unoccupied space.
There is a large marquis sign that could be better utilized with additional income potential.
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About the Sale

Reason For Selling:
I'm 61 and wish to live in the mountains. After 20 years this isn't fun any more
Training/Support:
Up to 2 weeks if needed.
Seller Financing:
25% minimum down, 15 year term with inventory to be paid in full at signing.

Listing Info

ID:
1447489
Ad Detail Views:
0

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Business Listed by
Marc Hicks

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