Retail - Gasoline Service Stations | Retail - Convenience Stores

Asking Price	$80,000	Inventory	$25,000**
Gross Income	Not Disclosed	Real Estate
Cash Flow	$80,000	Year Established	N/A
FF&E	$5000*	Employees	2

* included in the asking price

** not included in the asking price

This station sells 80-90,000 gallons per month at $0.14 pool margin. The station has four pumping stations (eight filling areas) and three underground tanks: one 10,000 gallon and two 5,000 gallon. The 400-500 square foot convenience store sells $13,500-14,000 per month at 29.5% gross profit margin. Lottery commission is over $19,000 annually. Station is run absentee with a competent manager on site. An owner-operator s cash flow would exceed $80,000 annually. Sales price is $80,000 plus cost of store inventory (approximately $10-15,000) plus cost of gasoline inventory at day of sale (approximately $10,000-20,000). The oil company owns the real estate and rent is $4,000 per month with increases every five years. Franchise transfer fee of $6,500 must be paid by the buyer. A deposit of approximately $30-35,000 will be required by the distributor and can be paid in cash or via letter of credit. The station runs two shifts (7:00 AM 11:00 PM). The only workers are the manager and his wife, who are paid as independent contractors. A new owner could decide to keep the gas pumps open from 11:00 PM 7:00 AM unmanned.

Competition: The business is in a prime location on a busy road.

Financing: The owner may finance some of the inventory for 6-12 months

Support/Training: Two weeks training

Reason Selling: Other business interests