C-Store & Cafe, Bait Shop and RV Park on Busy Lake

OK

Seller Financing Available
C-Store & Cafe, Bait Shop and RV Park on Busy Lake

Asking Price:$375,000

Cash Flow:$84,635

Gross Revenue:$297,004

EBITDA:N/A

FF&E:$145,000

Inventory:$15,000

Real Estate:$265,000

Established:2001

C-Store & Cafe, Bait Shop and RV Park on Busy Lake

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Business Description

This business is an established C-Store with Café and Bait/Tackle Shop located on a popular Lake in Northeast Oklahoma. The café has a 30 inch grill and 2 deep fryers, BBQ Pit Smoker, reach-in deli cooler for meats and cheeses with seating for about 20. They sell a variety of BBQ smoked on the premises (ribs, brisket, bologna) complete with BBQ beans and potato salad with growing catering business. There is a good selection of deli meats and cheese for sandwiches, hamburgers, fried fish, fried chicken, French fries and potato wedges, breakfast (waffles, biscuits and gravy, etc.). The C-Store sells cold beer, pop, popular grocery and sundry items, canned goods, cigarettes, coffee, tea, milk, eggs, deli items, Frito-Lay products, crackers, snacks, candy, etc. The tackle and bait shop have live minnows, a refrigerator for worms and frozen bait, a large selection and full line of fishing tackle and supplies, rods, reels, etc. The 5 acre tract includes, a mini-storage, repair shop, RV Park and mobile home rentals.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,400
Employees:
2 F/T and 2 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The main C-Store and Restaurant is about 2000 sq. ft. with room for expansion. There is a 1600 sq. ft. metal building that serves as a repair shop with three 14' bays, lift and compressor, etc. and 6 mini-storage units for rent (300 sq. ft. each). The RV park has 11 spaces (9 currently rented with 2 of the RV’s owned refurbished and rented by the owner). RV park improvements include water, sewer, and electricity. Recently, the owner he has completed a major face-lift and upgrade for the café and bait shop, including new restaurant and deli equipment, ice machine and other improvements. There is a BBQ smoker on premises, a refrigerated Beer Cave and ATM machine. Included in the sale are 3 mobile homes on the 5 acre tract that are rented year round.
Competition:
Competition is very limited in the market area surrounding the Lake. The nearest C-Stores, retail and restaurants are about 10-15 miles away.
Growth & Expansion:
Increased advertising and promotion should generate more traffic and add to the positive word of mouth that continues to grow for this unique business operation. Additional signs on the area Highways would be helpful as well. BBQ catering could be promoted to add increased sales.
Financing:
Negotiable
Support & Training:
The Seller will provide a reasonable transition period (up to 90 days) after closing.
Reason for Selling:
Retirement and Health Issues

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Michael Chapman

Business Listed By:
Michael Chapman

Business Transitions, LLC

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