Marathon Gas Station with Restaurant NW Tampa!!

Tampa, FL (Hillsborough County)

Seller Financing Available
Marathon Gas Station with Restaurant NW Tampa!!

Asking Price:$129,900

Cash Flow:$95,316

Gross Revenue:$1,732,920

EBITDA:N/A

FF&E:N/A

Inventory:$30,000*

Established:2016

*not included in asking price.

Marathon Gas Station with Restaurant NW Tampa!!

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Business Description

This is a former RaceTrac gas station which has been converted to a Marathon. The station has a large convenience store and a full restaurant with hood and equipment. You can either operate the restaurant yourself or sub lease it out for around $1,500 - $2,000 per month. The convenience store sells $50,000 - $60,000 per month in grocery sales plus lottery and restaurant sales. The station is pumping 83,000 gallons per month on a commission basis. You receive 8 cents commission on every gallon of gas that you sell. The current owner recently bought the station planning to be an absentee operator. This station really needs a hands on owner who can focus on the business. The gas company owns the property and is responsible for all environmental issues, tanks, pumps, canopy, canopy lights, roof, and landscaping. Please call Mark Laurie at 407-491-6065 for more information or to schedule a showing.

Detailed Information

Inventory:
Not included in asking price
Employees:
7
Facilities:
Long 5 year lease with two 5 year option terms for a total of 15 years. Base rent is $8,475 (negotiable). There are 6 double sided pumps with 12 filling stations including diesel. All pumps and tanks are up to code. Full restaurant with hood and all equipment included in the price.
Competition:
This is a 24 hour store so the seller receives $1,200 in rebates from the gas company each month to compensate for being open 24 hours. You also qualify for up to $600 per month in extra rebates if you do well on your monthly inspection. The gas company does require a gas deposit of $40,000 that you will get back when you sell the station in the future. It does earn interest.
Growth & Expansion:
There are many ways to grow the restaurant side of the business. There is a FedEx office area that the current owner has just started.
Financing:
Seller might finance some of the inventory.
Support & Training:
The gas company will require a 2 week training class in Tampa (cost $800). The seller will train you as well.

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Mark Laurie

Business Listed By:
Mark Laurie

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