Business Overview

Immaculate renovated convenience store with Unbranded-Gas on a corner lot approximate.1+/- acres. The store has been meticulously renovated with brand new pumps, new Kitchen appliances, new bathrooms, new fixtures. There is operator living quarters attached to the business.

Projections:
• Annual Sales: $800,000 +/-
• Annual Gallons: 500,000 +/-

This business is located at a major busy intersection ensuring a high volume of vehicle and foot traffic and a steady stream of clientele. This business’ strategic location next to a hunting lodge, with no competition for miles.
All the gas pumps are brand new with EMV and the site is in good standing with the department of environmental quality. It does not tie the site up with any fuel supply contract, so the buyer has the leverage to work with someone of their choice and rebrand the site. It also has a brand-new canopy installed.

Real Estate Purchase Options:
– The Gas Station real estate is available for an additional $441,000!
– The House Next Door is also available for an additional $210,000!
**The Real Estate Agent – TBA RVA Realty Inc. will do all real estate transactions**
• The owner is willing to train/assist the new owner.

Financial

  • Asking Price: $99,000
  • Cash Flow: $120,000
  • Gross Revenue: $800,000
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1980

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,500
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

other interest

Additional Info

The business was started in 1980, making the business 42 years old.

The company has 2 employees and resides in a building with approx. square footage of 2,500 sq ft.
The real estate is leased by the business for $4,500 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell operating businesses. However, the real factor vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in revenues, or an array of other factors. This is why it is extremely crucial that you not rely absolutely on a vendor's word, but instead, use the vendor's answer combined with your total due diligence. This will paint a much more realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover points like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be met or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract brand-new consumers? Often times, companies have repeat consumers, which develop the core of their everyday earnings. Particular aspects such as brand-new competition growing up around the area, roadway building and construction, as well as staff turnover can impact repeat clients and also adversely impact future profits. One vital thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the higher the opportunity to develop a returning consumer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the regional mean home income influence future income potential?