Convenience Store and Gas Station

LA

Convenience Store and Gas Station

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$1,400,000

EBITDA:$132,000

FF&E:N/A

Inventory:N/A

Established:N/A

Convenience Store and Gas Station

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Business Description

This Company is located in Acadiana, Louisiana and offers traditional convenient store product plus fuel, deli services and a wide array of fishing equipment and supplies. Current ownership began operations in 1987. The Company competes on its strategic location, quality service, and product line (especially with respect to its unique fishing gear segment and deli services).

Top revenue contributors included fuel, fishing tackle/bait, tobacco sales, rods/reels, soft drinks/juice/water, beer, and deli products.

Management has utilized billboard, magazine, and television advertising. However, recently the Company has been relying primarily on its strong reputation, word-of-mouth advertising, as well as location.

Detailed Information

Facilities:
The principals own the land and building separately and lease it back to the Company. The estimated fair market lease rate is $18,000 annually.
Competition:
1) Location: Its site is located on a high-traffic intersection as well as within a robust local area due to it being positioned at the epicenter of the oilfield services industry. This has resulted in a 3 to 4x increase in traffic volume in business hours vs. normal patterns. Also, the location has a heavy stream of commuter activity to and from a certain geographic location. 2) Future Traffic Patterns: The construction on a major highway has just begun. This new interstate corridor will replace a heavy-traffic highway and is estimated to take approximately 8 to 10 years to complete. Since this station is located in close proximity to the project site, the overflow of activity should create significant impact on sales. 3) Strong Supplier Relationship: The majority of the Company’s supplier relationships fall within a 15 to 25 year range.
Support & Training:
The owners are willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling:
Exit Planning (Retirement)

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Gary Milleson

Business Listed By:
Gary Milleson

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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