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The Wall Street Journal Online

Great Price! Country/General/C-Store with Gas

East Tennessee, Tennessee

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Asking Price:
$185,000
Gross Income:
$610,830
Cash Flow:
$66,651
FF&E:
$15,000.00 *
Inventory:
$60,000.00 *
Real Estate:
$125,000.00 *
Year Established:
1942
Employees:
0
Business Type:
Convenience Stores

* included in the asking price

Business Description

Offered is an authentic country general store with gas pumps located in a quaint rural farm community. This store enjoys a prime location in the heart of the community and is well known for over 70 years of service and a place for locals to shop. It is over 20 miles in either direction to find a large, regional grocery store to shop. Tremendous interstate traffic not over a mile away. Travelers look for unique store experiences and this one is ideally suited. This is a mostly cash sales business, relatively low tech and easy to operate.

Detailed Information

Facilities:
Neat 4,194 square foot building on 1/2 acre prime property. New metal roof and rustic exterior are a natural fit for its role as a country general store. Comes with gas pumps that are maintained by the gas supplier for worry free operation. Building is in good shape with a need for someone to add some new touches.
Competition:
This is a country general store serving a quaint rural farm community for over 70 years. It is the only grocery store for several miles and is a hub of its community. Gas is not the mainstay but functions as a convenience. Groceries, general items, seasonal items, and ready to eat hot and cold foods are the real sales drivers.
Growth/Expansion:
This is a diamond in the rough waiting for new owners to implement a long list of ideas for diversification and expansion of what the store offers. State lottery is immediately available for implementation. Expanded hardware section, tack supply, livestock feed, and offering of Amish and Mennonite baked goods, cheeses, bread, jellies and jams are just a few low cost improvements that would generate new revenues.
Financing:
N/A
Support/Training:
Will stay for up to 30 days to train. Existing employees are trained and trustworthy. They can open and close the store. Require minimal supervision.
Reason Selling:
Owners are wanting a change of pace.
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$  (from currently available resources)
months
 

Business For Sale Listed By

Ramon Sanchez-Vinas
CAPITAL BUSINESS SOLUTIONS

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Ad#: 677375

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