Retail - Gasoline Service Stations | Retail - Convenience Stores

Asking Price	$200,000	Inventory
Gross Income	$4,500,000	Real Estate
Cash Flow	$105,000	Year Established	1960
FF&E	N/A	Employees	5

* included in the asking price

** not included in the asking price

Located at the intersection of 5 major arteries, this Branded Gas Station and Convenience Store business is one of three Gas Station/C-Stores in the area, of which, one is unbranded. In a heavily traveled area, and operated by the current owner for over 40 years this business is ripe for expansion. The station dispenses approximately 100,000 gallons/mo of gasoline at a $.12 per gallon margin. Additionally the station sells Diesel and Kerosene. Convenience Gross is approximately $21,000/wk. This location sells approximately $16,500 a week in cigarettes at a 5% profit. Lottery Commissions are equal to about $250.00 every two weeks. The ATM was introduced by the current owner and pays $.50/transaction. In all, fuel sales contribute to approximately 70-75% of the gross while the other 25-30% is attributed to the Convenience Store sales. In total, 4 tanks and the breakdown is as follows: 3-8,000 gallon gas tanks for Regular and 1-8,000 gallon tank for Super, pumps are blending pumps, 1-2,500 gallon tank for kerosene and diesel. Other outdoor amenities include a Canopy, Air machine and Pay phone. The Building is 2086 square feet with three Service Bays, currently 580 square feet is being used for the Store. The Service Bays are no longer in use and could easily be built out to expand the Convenience Store or to make room for a franchise operation. The convenience store includes an Ice Cooler, 3-door cooler, 1 soft drink vendor cooler, ice cream/novelty cooler, ATM machine, and 6 camera security system set up for remote access (4 inside, 2 outside). Gulf is responsible for the maintenance of everything from the tanks to cash registers (this includes the canopy). Credit Application required for Gulf qualification. New owner would buy fuel from Gulf but is free to set the price. In addition, Gulf requires a deposit for the sale of fuel. All numbers have been supplied by the Owner and are based on January 2006 thru December 2006 sales.

Facilities: Gulf must approve potential buyers.

Competition: There are two other Gas Station/Convenience Stores in the area, one unbranded, they are far enough away that they are not in direct competition.

Growth/Expansion: Fantastic Providence location. Tremendous traffic flow. Opportunity to lease a very high volume Gulf Station with excellent expansion opportunities. The building consists of a 580 square foot convenience store and 1506 square feet of empty space for expansion. Build your future here. This prime location with access from 5 major arteries, excellent access to the highway system and unused space offers tremendous growth potential.

Support/Training: Two weeks at no charge. 9 AM- 4 PM 7 days.

Reason Selling: Owner Retiring