Citgo Gas Station St. Petersburg Beach!!

St Pete Beach, FL (Pinellas County)

Citgo Gas Station St. Petersburg Beach!!

Asking Price:$49,000

Cash Flow:$55,008

Gross Revenue:$811,620

EBITDA:N/A

FF&E:$3,000

Inventory:$15,000*

Established:2003

*not included in asking price.

Citgo Gas Station St. Petersburg Beach!!

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Business Description

This Citgo gas station has been owned by the same owner for the last 15 years. It is located right on the main road leading to St. Petersburg Beach. The convenience store averages $25,000 per month plus $2,000 per month Lottery profit. The station is pumping 40,000 gallons per month on a commission basis. You receive 3 cents commission on a cash gas sale and 7 cents commission on a credit card gas sale. The commission goes up in years 2 and 3. The gas company owns the property and is responsible for all environmental issues, tanks, pumps, canopy, canopy lights, roof, and landscaping. Please call Mark Laurie at 407-491-6065 for more information or to schedule a showing.

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Long 5 year lease with two 5 year option terms for a total of 15 years. Base rent is only $1,500. There are 6 pumps with 8 filling stations. All pumps and tanks are up to code.
Competition:
This is not a 24 hour store. The hours of operation are 7:00 am - 11:00 pm. You qualify for up to $500 per month in rebates if you do well on your monthly inspection. The gas company does require a gas deposit of $30,000 that you will get back when you sell the station in the future. It does earn interest.
Growth & Expansion:
The gas company has approved the commission to raise to 4 cents cash and 8 cents credit in year 2. Then starting year 3 and on the commission will be increased to 5 cents cash and 9 cents credit card.
Support & Training:
The gas company will require a 2 week training class in Tampa (cost $900). The seller will train you as well.
Reason for Selling:
Owned for 15 years, retiring.

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Mark Laurie

Business Listed By:
Mark Laurie

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