Outstanding Rural Gas Station and C-Store in Central Michigan

Montcalm County, MI

Seller Financing Available
Outstanding Rural Gas Station and C-Store in Central Michigan

Asking Price:$349,900

Cash Flow:$193,000

Gross Revenue:$500,000

EBITDA:$60,000

FF&E:$50,000

Inventory:$75,000*

Real Estate:N/A

Established:2005

*not included in asking price.

Outstanding Rural Gas Station and C-Store in Central Michigan

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Business Description

Rural Gas Station and C-Store- Excellent Opportunity!

The Gas Stations and Convenience Stores offer three grades of standard gasoline plus diesel, racing fuel, and propane. Other product lines include tobacco products, pizza, grocery, lotto, beer and wine. Station also is a US Post Office Box location for the village. Inventory is included with the purchase. The stations also have seasonal products such as fishing bait, wood chips, and other items.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,500
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
• Only Convenience and Gasoline Store, strategically located in the town in Central Michigan. • Real Estate included in sale. • Major American Branding “Marathon” gasoline, diesel and propane. • One 12,000 gallon tank installed in 2003, Composite Steel with Fiberglass, double walled. • One 4,000 gallon tank installed in 2003, Composite Steel with Fiberglass, double walled. • Total monthly gallons in around 20,000 per month. • “Ruby Point of Sale” Cash register system. • Good curb appeal with ability to grow both same store sales and gallons of fuel. • Card readers in fuel dispenser. • Coffee program. • Competitive cigarette program. • Lighted Canopies. • Concrete & Paved Parking Lots. • Security cameras. • Dead bolt locks. • Environmental Status: No known issues, Cleared by the State of Michigan • No asphalt all concrete parking • SDD SDM licenses (liquor) • 1 restroom • Kerosene • Wood pellet • Walk in freezer • The pumps are EMV compliant • Owned ATM
Competition:
Only competition in the community. The Gas Stations and Convenience Stores offer three grades of standard gasoline plus diesel, racing fuel, and propane. Other product lines include tobacco products, pizza, grocery, lotto, beer and wine. Station also is a US Post Office Box location for the village. Inventory is included with the purchase. The stations also have seasonal products such as fishing bait, wood chips, and other items. Competition
Growth & Expansion:
This company is a rural farm store with a lot of possible growth with the right owner or owner operator. All equipment necessary for normal business function is included. Equipment list is attached in offering memorandum. Retail fixtures include metal shelving units and several service counters. Sellers do not anticipate any equipment will need servicing in the near future, as the Seller has updated facility and equipment over the last 3 years. This station has a loyal customer base with in the community it serves. The owners are well known and respected in the communities they do business in. About Equity LTD.
Support & Training:
Owner willing to train, as they desire to give the next owner the best possible start in the community!
Reason for Selling:
Seller desires to relocate and retire

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Rob Anderson

Business Listed By:
Rob Anderson

Equity LTD

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