Listing ID: 83440
This Gas Station / C-store is a newly Gulf-branded station. As part of that conversion, the facilities were renovated.
It is in a fantastic location. Just a short walk of 1,000 feet from a U Maine campus and located directly on a numbered state route.
The gas station pumps 400,000 gallons annually.
Lottery sales (7% commission) are between $900 and $1,200 per day.
C-Store sales are $432,000 annually.
FF&E: included in price.
Inventory: $58,000 in store, plus fuel (not included in price)
Real Estate: $5,500 NNN Lease
** CONFIDENTIAL LISTING, NOT LOCATED IN INDICATED ZIP CODE **
- Asking Price: $169,000
- Cash Flow: $125,000
- Gross Revenue: $432,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $58,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Owner is commuting from the Boston area.
Expand products lines. Apply for a full liquor license (if available).
The transaction shall include inventory valued at $58,000, which is included in the suggested price.
The company has 3 FT, 1PT employees and is situated in a building with estimated square footage of 2,000 sq ft.
The building is leased by the company for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell businesses. Nonetheless, the true reason vs the one they say to you might be 2 absolutely different things. For instance, they may claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or an array of various other factors. This is why it is very essential that you not rely entirely on a vendor's word, yet instead, use the vendor's response combined with your general due diligence. This will repaint a more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many businesses take out loans so as to cover things like inventory, payroll, accounts payable, etc. Remember that sometimes this can suggest that profit margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract brand-new consumers? Many times, operating businesses have repeat clients, which create the core of their day-to-day earnings. Specific aspects such as brand-new competition growing up around the location, road construction, and staff turnover can influence repeat consumers as well as negatively impact future profits. One essential point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the higher the chance to build a returning consumer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the local median family earnings influence future earnings potential?