Turnaround Gas Station Opportunity

Douglas, AZ (Cochise County)

North Elevation

Asking Price:$750,000

Cash Flow:$54,000

Gross Revenue:$1,090,000

EBITDA:N/A

FF&E:$40,000

Inventory:$45,000*

Real Estate:$600,000

Established:2004

*not included in asking price.

Turnaround Gas Station Opportunity

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Business Description

This is an excellent turnaround opportunity for an on-site owner-manager. There is excellent pedestrian and vehicular traffic volume coming and going across the border,and this site is only about 3 blocks north of the Port of Entry.
This business with real estate is SBA-bankable based on the asking price with about $190,000 down - monthly payments would be about $3,700.
Contact Broker for additional info including historical financials, or to arrange a site visit. (Travel time from Phoenix is about 4 hours; from Tucson is about 2 hours.)

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
975
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility built as a ground-u in 2004. No deferred maintenance. The store is about 975 +/- sf. There are 5 Wayne MPDs w/CRINDs - 1 serves diesel. UST tanks & pipes are FRP (double-walled), and the system has an electronic monitoring system. Fuel system also installed in 2004. Fuel control cashiering is by a single-station Ruby.
Competition:
This is an ideal location on Pan American Ave. about 3 blocks north of the Mexican border. Pan American Ave. is at the Port of Entry. There is one gas station c-store 1 block south between Arizona Fuels and the Border. There are 11 other gas station/c-stores (last count) in Douglas. Population of Douglas is about 18,000; population of Agua Prieta, Mexico across the border is about 140,000. AZ Fuels trade area north of the border is estimated to be 25-30 miles.
Growth & Expansion:
This is a turnaround business opportunity. The current owner runs this absentee. He is heavily involved in an unrelated family business and hasn't devoted time to building or operating the gas station/c-store since it's inception in 2004. The configuration of the store, the size of the store, and the location of the fuel islands suggests that a store expansion is not only feasible, but desirable. Municipal permits and cooperation is generally good for any enterprise that will increase property taxes and create an incremental job - building expansions do both.
Financing:
No - cash out
Support & Training:
Seller is offering 2 weeks of training post-acquisition. Additional time could be negotiated as part of the transaction.
Reason for Selling:
Need to focus on an unrelated business in Douglas-Mexico.

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Michael Green

Business Listed By:
Michael Green

MJG Gas Station Specialists LLC

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