Turnkey Portsmouth Gas Station/convenience Store Acquisition Opp.

Portsmouth, VA (Portsmouth City County)

Turnkey Portsmouth Gas Station/convenience Store Acquisition Opp.

Asking Price:$45,000

Cash Flow:$24,000

Gross Revenue:$360,000

EBITDA:N/A

FF&E:$25,000

Inventory:$7,000

Established:2015

Turnkey Portsmouth Gas Station/convenience Store Acquisition Opp.

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Business Description

Great opportunity for first time business owner! This gas station/convenience store has been at current location for many years. Location is right off Victory Boulevard which is the main road in Portsmouth. Gas station brand is well known which can bring in non-Portsmouth based clients. There are 2 sources of income to this business. Gas sale is paid commission on a monthly basis and average monthly sales is 35,000 gallons. Another source of income is directly from convenience store sales. Current owner resides in Charlottesville and would like to stay in the same area without traveling long distance to manage this particular location. It is a great opportunity for a first time business owner without spending huge amount of initial investment and create a steady flow of passive income. No marketing or advertising has been done to create additional sales. With proper advertising and on hand management, business can grow to the next level easily.

• On ¾ acre of commercial property and about 1500 sq ft of retail space
• Beautiful location in the heart of Portsmouth
• Extremely high traffic road
• Rent is relatively low in the area
• Current signage can be reused
• Over $45,000 spent for renovation within past 8 months

Detailed Information

Inventory:
Included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
2 weeks
Reason for Selling:
other business interests

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Lex Meredith

Business Listed By:
Lex Meredith

Transworld Business Advisors

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