Seller Financing Available

Asking Price:

$299,000

Gross Income:

$2,359,836

Cash Flow:

$145,615

FF&E:

$30,000.00 *

Inventory:

$50,000.00 **

Real Estate:

N/A

Year Established:

1995

Employees:

5

Business Types:

Convenience Stores
Gasoline Service Stations

** not included in the asking price

* included in the asking price

Business Description

Price reduced. Rare opportunity to buy a well established, Cedar Rapids convenience store, totally remodeled & upgraded in 2009 with high percentage of inside sales. Branded gas station located on a corner lot of a state highway with loyal clientele in a great blue-collar neighborhood near downtown employers & attractions. Offering a wide variety of retail goods, liquor store room, walk-in beer cooler, over $1 million lottery tickets sold, & much more. Experienced staff & increasing sales trend. Immediate possession with motivated seller willing to assist, orient, train, & support for smooth transition. Great potential for grow for investor, owner-operator, or add-on to existing business. Real estate available.

Detailed Information

Facilities:

Real Estate Available: for purchase at $350,000 or for lease at $3000 monthly triple net. Well designed 2250 sq. ft store on corner lot in great neighborhood location with 7900 average daily traffic count close to large employers & attractions. In close proximity to 58,700 average daily traffic count on Interstate 380. Completely remodeled store inside & out in 2009 furniture, fixtures, & equipment at about $400,000 cost including modern with DNR upgrades with 16,000 gallon, 3-compartment Xerxes underground storage tank.

Competition:

No grocery store in immediate area.

Growth/Expansion:

An owner/operator or family can make a nice living. Or, this could be a profitable add-on for existing convenience store(s) owner. Abundant potential due to very little past marketing & sellers other priorities: increase marketing, promote expanded prepared product sales, & focus on up-sales or cross-sales. Opportunity to increase carry-out food. Add food delivery & catering. Promote more events. Expand adding a branded sandwich/soup/ salad, Laundromat, or coffee shop with breakfast items, bakery, & popular coffee drinks.

Financing:

$269,100 down/29,900 for 36 mos @ 10%

Support/Training:

Will train for 2 weeks @ no cost.

Reason Selling:

Seller's job change & relocation out of the area.

Broker Information

Roger Murphy

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