Price Reduced! Gas Station Prime Property at Busy Intersection!

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Asking Price:
$499,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$600,000
included in asking price

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Business Description

Property Location Value Exceeds the Price! Rite-Aid offered $600,000 for JUST the Land but contract didn't go through because they wanted the land next door and the neighboring owner was not willing to sell.

No COAM Contract! Huge Business Potential for Owner-Operator or Investor to maximize inventory into the business! Property is on the busiest intersection of Eastman, GA next to a brand new McDonalds. Markups are high.

The owner currently cannot purchase enough inventory for the store nor cannot place money in his ATM because he is in a cashflow bind from an unrelated, separate business venture. Lottery commission for 2016 was $5,000 a month! In 2017, decreased to $4,100 per month since he could not afford to pay for half of the lottery rolls. His cashflow bind is completely unrelated to this business. Buyer with cash on hand can easily double sales by doing these simply things: Add more store inventory, put cash in the ATM, and buy more lottery rolls to restore the $5,000 commisson per month!

Business does not have deli, yet plenty of space to easily add a Hunt Brother's Pizza! Store includes a drive-through!

Seller also has a shutdown gas station and car wash property near a hospital in the same town! Seller wants to sell his house too! Let us know and we can plan a meeting with the seller.

The current cap rate is 18.26%! Simply bringing the lottery commission back to $5,000/month would increase the cap rate to 20.42%!

Rack + 1 jobber contract expires in two years!

Seller needs to send his kids to a different school by August and has encouraged a quick sale at $499,000 + inventory for both Property and Business!

If you are interested in this listing, please email your full name and best contact number to info@riverbrokers.com.

About the Business

Real Estate:
Owned
Growth & Expansion:
Buyer with cash on hand can easily double sales by doing these simple things: Add more store inventory, put cash in the ATM, and buy more lottery rolls to restore the $5,000 commission per month!
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About the Sale

Reason For Selling:
Seller wants to move closer to family.

Listing Info

ID:
1466523
Ad Detail Views:
1176

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Business Listed by

Kavita Purohit

River Brokers Real Estate

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