Profitable Convenience Store

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MUST SEE LOCALLY OWNED AND OPERATED CONVENIENCE STORE/GAS STATIION
Asking Price:
$75,000

Gross Revenue:
$1,025,062
Cash Flow:
 Not Disclosed
EBITDA:
$75,000
Inventory:
$20,000
included in asking price

FF&E:
$60,000
included in asking price

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Business Description

Locally owned and operated highly profitable convenience store on the high traffic Route 250 main corridor to Historic Downtown Staunton. Staunton is experiencing a high growth and contruction phase with new Chick fil a, Aldi Grocery, Hilton and Marriott only blocks away.Other high volume retail on the main drag of 250 includes Lowes, Walmart (no gas) and Auto Zone (located just next door). Station has a very long time and loyal customer base that enjoys the feel of their hometown station. Unbranded station has the history to deliver over 300000 gallons yearly fuel sales with unusually high margins due to the ownership of the fuel tanks and pumps. Ownership allows for the retinsion of all moneys collected in sale of fuel with no outay to supplier. All inventory (other then fuel in tanks at time of sale), equipment, fuel tanks, fuel pumps convey.

About the Business

Location:
Staunton, Virginia
Year Established:
1998
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
2,200
Rent:
$1,800.00 Per Month
Lease Expiration:
7/1/2029
Facilities:
8 reg/mid/prem and 2 diesel pumps-10 yrs old. 3 underground double walled fiberglass tanks, 11000 gal, 8000 gal . and 6000 gal-10 yrs old (20 yrs life left). Ruby with Sapphire upgrade pos and chip compliant credit card system.All fuel monitoring equipment, fuel dispensing and storage equipment, all store furniture, fixtures and store inventory. Sale of business includes 10 year lease with fixed monthly rent. $1800 per month for first 5 yrs, $2400 per month second 5 yrs. All inventory and equipmwnt convey.
Growth & Expansion:
Currently an unbranded station. Buyers can elect to brand station thru current fuel distributor for expansion in the local market.
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About the Sale

Reason For Selling:
retirement after 21 yrs in addition to health issues
Seller Financing:
No owner financing

Listing Info

ID:
1415057
Ad Detail Views:
202

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Business Listed by
KIMBERLY DUPREE

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