Future Kangaroo Express Shell Gas Station in Winter Haven!!

Asking Price$499,000

Cash Flow
$341,429
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,719,493

Inventory$120,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

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Future Kangaroo Express Shell Gas Station in Winter Haven!!


Asking Price$499,000

Cash Flow
$341,429
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,719,493

Inventory$120,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
This Shell gas station is located in a nice area on a very busy highway in Winter Haven which is between Tampa and Orlando. There are many residential homes surrounding the station. This is why the convenience store with chicken deli sales average $130,000 per month not counting Lottery. The Lottery report from Tallahassee shows $3,554 per month in extra Lottery profit. Included in the sales are $13,000 per month from the high profit Charlie Biggs Chicken deli. The gas station pumps 90,000 gallons on a commission basis. You receive 5 cents commission on a cash gas sale and 15 cents per gallon on a credit card gas sale. There is a hand car wash to the left of the station that pays you $1,000 per month in rent. There is a hot dog stand that sets up 2 days per week and pays you $500 per month in rental income. Other extra income is earned from ATM, Bit Coin, Air/Vac, and rebates. The gas company is planning to spend over $300,000 to renovate this station into a Kangaroo Express which is owned by Circle K in the future which will greatly increase the store and fuel sales. The same owner has been there for the last 15 years which is a sign of a strong and stable business. BUYER MUST HAVE PREVIOUS RETAIL EXPERIENCE AND LIVE WITHIN A 1 HOUR DRIVE BEFORE SIGNING THE PURCHASE CONTRACT. Please call Mark Laurie with Property Business Brokers at 407-491-6065 for more information or to schedule a showing.
About the Business
Years in Operation
15
Number of Employees
2
Facilities & Assets
The gas company will give the buyer a new 5 year Lease plus two additional 5 year options for a total of 15 years. The base rent is only $8,700 which is very low for this type of station. There is a hood in the chicken deli and all deli and kitchen equipment are included in the price.
Market Outlook / Competition
Current hours are 6:00 am - 11:00 pm but when the Kangaroo Express conversion occurs the station will be open 24 hours. The gas company does require a $40,000 refundable gas deposit and a $10,000 - $20,000 franchise fee.
Opportunities for Growth
The property to the left of the station has been recently purchased by a medical group. I have heard they might be a walk in medical clinic coming soon right next to this station. When the Kangaroo Express conversion occurs the store will be completely remodeled and the sales will increase tremendously! Circle K does not allow visa buyers.
About the Sale
Transition Support
The buyer will be required to attend an 8 day training class in Brandon (cost $950). The seller will train you as well. When the Kangaroo Express renovation occurs in the future then the Buyer will also have to attend Circle K training.
Listing Info
ID
2410627
Listing Views
230

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Business Listed by: Mark Laurie Property Business Brokers

Listing ID: 2410627 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. See our full Terms of Use. Learn how to avoid scams.