Retail - Gasoline Service Stations | Retail - Convenience Stores

$Seller Financing Available

Asking Price	$279,000	Inventory	$60,000**
Gross Income	$780,000	Real Estate
Cash Flow	$189,000	Year Established	1975
FF&E	$65,000*	Employees	2 Full/3 Part

* included in the asking price

** not included in the asking price

Convenience store with branded Sunoco gas. High volume gas sales @ 45,000+ gallons per month. Fuel contract is rack plus $.015, current pool margin Profit of $.12++. Inside sales are $70,000 per month, should jump to $75,000-$80,000 during summer months. Inside gross sales margin is 35%. Additional monthly income: car wash ($500); ATM ($400); lotto ($6,000). Inside deli ready to get operational could add 15% to inside sales and have big impact on other general sales. Located at a major intersection (imagine being at the center of a compass) with two major thoroughfares serving Elizabeth City business and residential customers. This business was formerly a Red Apple Food Mart , re-branded two years ago and has operated successfully at this location for 30+ years. This is an excellent business opportunity for a financially qualified buyer. For details contact Bruce Hobart @ 804-986-7282 or bhobart@verizon.net.

Facilities: 3,000 sq. ft. building. Convenience store includes deli. Separate drive through car wash on premises. Excellent location at major intersection.

Competition: This convenience store with gas has been the primary business location in Elizabeth City for 30+ years.

Growth/Expansion: This business is successfull year after year. 2009 will see net profits of $189,000.

Seller Financing Available: Yes

Financing: Seller may finance inventory

Support/Training: Seller will provide training and transition as required by purchaser.

Reason Selling: Relocation out of state