GAS, C-STORE AND R.E. - HIGH VOLUME
Location: Maine
Industry: Retail Stores > Convenience Stores
Financials
Asking Price: $1,490,000
Gross Revenue: $6,000,000
Cash Flow: $294,000
Cash Flow Comments: Includes R.E. rental income.
Inventory: $40,000 (Not Included in Asking Price)
FF&E: $150,000 (Included in Asking Price)
Real Estate: $1,200,000 (Included in Asking Price)
Seller Financing: Anticipated Bank Financing on Business $150,000; Anticipated Bank Financing on R.E. $850,000; Total Down Payment: $490,000; Working Capital Needed $60,000 Inventory Needed $40,000
Business Summary
The store is strategically located at a major Interstate interchange. It offers fuel and convenience store items with projected sales of $6 million. About 85% comes from gasoline sales, with over 1.3 million gallons sold in 2007. Sales are year-round with a strong peak in summer. The store is newly renovated and expansion opportunities make it one of Central Maine’s top convenience stores. The sale includes real estate.
About the Business
Year Established: 1975
Employees: 2 full time - 4 part time
Facilities: The 4,000 SF building is located on a corner lot directly off an I95 ramp. New signage, pumps, paving and exterior renovations and landscaping have been added in the last year. 2000 SF of office space can be rented or converted to co-branding opportunities or car wash. The business owns the fuel tank and pumps. The real estate is included in the sale.
Market Outlook and Competition: The store has a prime location in its market and serves year-round and seasonal customers. It is the dominant store at the interchange. This area of Maine will continue to grow in both population and vacationers, with an ever increasing traffic count by the store. Ample space could be converted to synergistic uses or rented out for co-branding opportunities.
About the Sale
Management Training and Support: Seller will provide transition training.
Reason For Selling: Corporate consolidation
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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