Gross Revenue: $1,107,000
Rate/Sq. Ft.: N/A
* not included in asking price.
Well established Hwy Store with Gas. E2 approved. Absentee Run!!!
Money maker. Great for Investment, Expansion or Investor Visa.
This ad is posted by the OWNER, who is not a real estate agent or broker.
This Absentee Run Store is located on a Highway in the city outskirts. Surrounded by established residential area and some businesses. It has been extending its services to the local community and daily commuters for more than 30 years. Lots of improvements have been done and there is still room for more. Monthly Store sales: Avg. $45,000 Monthly Gas sales: 16,000 gals (only Regular and Premium, NO DIESEL) Monthly Lottery sales: Avg. $15,000 Monthly ATM and air machine sales: $250 TOTAL Monthly sales: $92,250 TOTAL YEARLY SALES: 1,107,000 GROSS INCOME: Store: $11,250 at %25 margin Gas: $2,880 at 18 cents/gal margin Lottery commission: $900 for sales only. (with winnings the commission increases) ATM and air machine: $250 Owner working 48 hours a week: $1800 (rounded up for $9/hr) TOTAL GROSS INCOME: $17,080 EXPENSES: Payroll: $6,120 Rent: $1,545 Electricity: $1000 (average) Natural Gas: $50 Garbage removal and sanitation: $80 Internet and Telephone: $120 Insurance and work comp: $200 Sales, payroll and other State and Federal Taxes: $1500 TOTAL EXPENSES: $10,615 MONTHLY INCOME before Income Tax: $6,465 YEARLY INCOME before Income Tax: $77,580. Return On Investment: More than %50. Approximate Wholesale value of the inventory given here. The figures have been rounded up. With Rebates from tobacco and soft drink companies the income increases obviously. Rent lease has 3 years option remaining but the owner is willing to draft a new rental agreement if the buyer feels more comfortable with that. Kindly do not talk to the employees about sale if you visit the store.
Inventory: Not included in asking price
Real Estate: Leased
Building Sq. Ft.: 1,700
Lease Expiration: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The store has a fully equipped kitchen with storage rooms. Has two storage tanks, 10,000 gals for Regular and 6,000 gals for Premium Gas. We DO NOT carry Diesel. It has two double sided Gas dispensers. Reach in coolers for easy access, of which 6 doors are currently used for alcoholic beverages while 11 doors are used for soft drinks and dairy products. It has a fully equipped office with all office supplies and 8 camera security surveillance system.
Competition: The store is established in the area for more than 30 years and has been catering for the daily needs of the locals and the commuters since then. There is only one more gas station within a 5 miles radius.
Growth & Expansion: The store still needs to add Check cashing and money transfer facilities as locals have been demanding for years. The kitchen used to do $300-350 per day under the previous owner as they served full breakfast and some lunch items. The current owner ignored that. Adding breakfast and fried chicken during lunch will bring the sales back.
Financing: No financing.
Support & Training: 4 weeks for no charge. The current store manager is fully trained and willing to stay.
Reason for Selling: Owner looking for higher volume store after profiting from this.
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