NS Gas Station and Convenience Store

Industry

Location

Financials

Business Summary

This business, a gas station and convenience store, has been in business for over 45 years. The owner originally purchased the business for $60,000.00 and has invested an additional $20,000.00 improving the tile floors, overhead gas canopy, and converting an outdated car wash into an outbuilding. The business has 4 gas pumps that average about 25,000 gallons a month, while the convenience store carries beer, liquor, soft drinks, a few grocery products, and cigarettes. The owner also planned to increase sales through the addition of a kitchen and leasing the outbuilding.

Included in the Asking Price:
Furniture, Fixtures & Equipment: $10,000
Inventory: $20,000

Facilities: The business occupies a 1,300 sq ft building that is made of concrete block. The interior is extremely clean and well kept with space to add a kitchen or walk-in cooler. Outside, the large parking lot can accomodate many cars with ample room around the gas tanks. The building is owned by the landlord with a current one year lease that offers two 5 year options. The rental rate is $2,500.00 per month through the end of the first year, then $3,000.00 during the first five year option, and $3,500 for the second five year option. An option to buy is included.

Growth and Expansion: The company offers no diesel services presently though there is room to expand near the 4 underground tanks. The converted outbuilding requires an additional $5,000.00 in estimated remodeling costs before being ready for use. Currently, no advertising dollars are spent in the marketing of this business.

Financing: Owner is willing to finance $20,000.00 for 1 year at 8% interest.
Support/Training: The owner is willing to train.