Listing ID: 84103
Unbranded self-serve gas station with convenience store business running on a main street and surrounded by dense neighborhoods.
Long time established business owns by current owner since beginning of 2021 and running successfully with great upward improvement in revenue
Per seller currently business is doing
Inside Grocery sales: $1700/ day approx. at 32%.profit margin
(Estimated / year $620 K +)
Gas volume sale 45,000 gallons/month with 30 cents /gallon profit margin
( Estimated gallons /year 540 K+)
Lottery Commission :$7500/month (Estimated/year $90K +)
ATM commission:$ 2000/month ($24K/year)
Air/bitcoin etc, $650/month($7800/yr)
Money transfer/bill payment etc: $100/month ($1200/year)
Affordable Rent: 7000/month + NNN ($1233/month approx.) and long term lease
Seller spent more than $40000+ in upgrading the gas station sign, tank tops and inside improvement.
Money making business not to miss!
Seller wants to be relocated due to family reason
Note: Gross Revenue includes lottery sales.
For more details send your inquiry request by email
Buyer with serious inquiry and proof funds to sign Confidentiality Agreement
Information regarding business for sale is provided by seller and other sources is not verified in any way by Green Star Realty or it’s salesperson, and has no knowledge of accuracy of said information and makes no warranty, express or implied, as to the accuracy of such information Buyer to do his own due diligence.
- Asking Price: $650,000
- Cash Flow: $240,000
- Gross Revenue: $4,000,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $75,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
3 Dispensers. 6 pumps, 2 Tanks - One 12000 gallons and One 8000 gallons Approx. Business area 1500 sqft. At street intersection, Owner upgraded tank tops, pumps and new billboard signs etc.
Potential to add EBT.
The deal won't include inventory valued at $75,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. However, the genuine factor vs the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent reduction in profits, or an array of other reasons. This is why it is extremely crucial that you not depend absolutely on a vendor's word, but instead, make use of the seller's response along with your general due diligence. This will paint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies finance loans in order to cover points like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new clients? Many times, companies have repeat customers, which create the core of their day-to-day profits. Certain variables such as new competition sprouting up around the area, road building and construction, and personnel turnover can impact repeat customers and also negatively impact future incomes. One important thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the better the possibility to build a returning customer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the local mean household income influence future revenue potential?