Convenience Store- Gas Station- Groceries- Deli Services

Lubbock County, TX

Seller Financing Available
Convenience Store- Gas Station- Groceries- Deli Services

Asking Price:$800,000

Cash Flow:$98,465

Gross Revenue:$1,559,286

EBITDA:$35,940

FF&E:$30,000

Inventory:$40,000

Real Estate:$250,000

Established:1955

Convenience Store- Gas Station- Groceries- Deli Services

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Business Description

Groceries, Gas, and Deli

This convenience store in northwest Texas sells gasoline, groceries and other food items. Their great location brings in a lot of oilfield and agricultural customers. Blue collar workers in the area come in for snacks, coffee, water, and other drinks. They serve pizza and deli items all day long and offer all kinds of convenience items. Since they are close to a school, the school kids come in before and after school to buy snacks and drinks. This gas station is convenient for out of town customers who are passing through the area needing gas, food, or other items. They also sell tobacco products and lottery tickets. Locals have come to rely on this business for a variety of needs.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
4 FT, 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located on approximately 1 acre with 2,000 total sq ft of space. This includes a separate 250 sq ft, freestanding, drive-thru deli with a 150 sq ft storage building. The building was first built in 1955 but has since been updated and remodeled. Their four corner location is very convenient and includes four gas pumps, an ATM and typical convenience store areas. Valued at $250,000 the property is included in the sale.
Competition:
There is some competition in the area.
Growth & Expansion:
Building a company website would give the business wider recognition in the area and bring in more customers. Another opportunity comes from stronger advertising efforts in order to bring in more customers. Adding beer sales would also increase revenue.
Financing:
25%
Support & Training:
Owner will remain for a reasonable transition. Key employees will most likely stay after transition.
Reason for Selling:
Owner has had business since 1974 and is ready to retire

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Doug Sheldon

Business Listed By:
Doug Sheldon

The Dean Group

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Sponsoring Broker:
Robert Wootten

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