Gas Station with C-Store Plus, Beer & Wine For Sale
Excellent Location on Heavily Traveled Road
Middlesex County, Massachusetts
Listing Number: 1546
Asking Price: $295,000Inventory: $37,800
Gross Revenues: $3,000,000
Cash Flow: $156,000
This is a terrific opportunity to own a branded gas station in an affluent area with limited competition. The station is located on a heavily travelled commuter route. The income to a working owner is over $150,000 and the price is less than 2X that amount. In addition to the typical convenience store items, this station has a license to sell beer and wine.
The station enjoys high pooled margins of around 35 cents for gas, including diesel. The station sells a higher percentage of premium gas than the national average. Both allow for higher margins. The sale of diesel fuel allows the station to cater to owners of diesel powered cars and commercial fleets.
The station operates with one attendant at a time. It is open 7 days a week. The owner spends about 5 hours a week managing the station and does not wok as an attendant. Pay is in the $11-$13/hour range. It is believed that the employees will stay for a new owner.
Facilities: The station has a large area for parking and the gas island. There are 3 MPD’s plus one for diesel. As is typical with branded station, this gas station has a 3-year lease. The rent is $12,500 per month. The leases are usually renewed if there are no problems with the owner.
The C-Store has 700 square feet. In addition to the typical convenience store foods and beverages, this station has the lottery, Keno, an ATM, beer and wine, propane and air sales. The Lottery machine is up-to-date, and the air is credit-card enabled.
Growth & Expansion:
The availability of diesel fuel can be promoted to more fleets in the area. Sales of beer and wine have not been promoted as aggressively as possible and there is room to grow those sales substantially. The station does no advertising, doing so could increase revenues.
Employees: 2 FT/ 2 PT
Financing: A qualified buyer should be able to obtain SBA financing with 10% down.
Support & Training: The owner will work with a buyer to enable him to take over the business.
Reason Selling: Life Style Change