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Gas Station/Repair Shop with Convnience Store Potential

Virginia (Northampton County)

Services - Auto Repair, Parts & Svcs | Retail - Gasoline Service Stations

Asking Price $340,000 Inventory $50,000* 
Gross Income $400,000 Real Estate $135,000* 
Cash Flow $100,000 Year Established 1970
FF&E $75,000* Employees 2-3

* included in the asking price

** not included in the asking price

Tires, wheels, gas and minor automotive repairs. Excellent opportunity to take over a growing service business in a fast-growing Mid-Atlantic area. Business is cash and credit cards; no checks. In addition to normal consumer business, a huge untapped agricultural market needs to be filled. The location and building are ideal for conversion to a convenience store. Area's only hospital and supporting medical services are less than one mile away. Existing c-store is old, dirty, poorly lit and basically unpleasant. The location offers high visibility. Traffic counts (18,000/day) are growing steadily. Area is experiencing significant growth from out-of-state, mostly from the northeast.

Facilities: Land Very high visibility, .5 acre with frontage on major north-south state highway with access from both directions. Prime commercial land with 18,000 vehicles per day passing. Building - 28ft x 45ft (front) (1260 sqft.) with a 24ft x 30ft addition off the back. It currently has two bays with 1 in-ground lift. There is one island with three pumps and a canopy. The building has a 16ft x 16ft waiting area, 8ft x 12ft office, and two restrooms, one of which is located inside and the other outside.

Competition: Two competitors. One 12 miles north on highway that focuses on wheels rather than tires. Second one has two locations, five miles and 25 miles north of subject business, both located off the highway.

Growth/Expansion: Tire/auto repair business is perfectly suited to expansion into agricultural market. Fleets of farm workers trucks, buses and vans are untapped. Perfect for Spanish-speaker. Convenience Store business is ideally located for convenience store conversion. Highly visible to 18,000 cars each day. Nearest competitors (six miles to the north and ten miles to the south) are small outdated stores. Subject property is surrounded by mobile home park.

Support/Training: Owner will provide all training and be available on a limited basis for a period of time negotiated with buyer.

Reason Selling: Retirement

Business For Sale By

Joseph Caffrey

757.787.2712

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