Retail - Gasoline Service Stations | Retail - Convenience Stores

Asking Price	$1,100,000	Inventory	$125,000**
Gross Income	$6,500,000	Real Estate	$1,100,000*
Cash Flow	Not Disclosed	Year Established	2003
FF&E	$1,100,000*	Employees	10

* included in the asking price

** not included in the asking price

SOLD! New state of the art 4.5 years old station owned and operated by an oil company desiring to dealerize the business to a private entrepreneur. The buyer will purchase the business, site improvements, building, c-store and restaurant equipment, tanks field, pumps and the canopy. Current total assets value is between $2.2M and $2.5M. The assets are being sold for less than the price they may appraise for! The land is being leased from a shopping center and does not convey. 35 years remain on the lease. The station is very attractive. An outdoor patio may be added for fair weather season eating accommodation. The convenience store building is built with brick and is very modern looking. Total square footage is 3,750. It is equipped with a 10 door walk in refrigeration unit for cold drinks, a coffee bar, a soup bar, an ATM, the Maryland State Lottery System, Tastee Freeze ice cream, fried chicken and fries along with the Boar's Head Deli. You are not bound only to these fast food services and if you have other food products in mind, you may introduce them in lieu or in addition to the current ones. It is a busy location with two cashiers stations serving the public during rush hours. The store is spacious and provides several tables for eat-in customers. The station is part of a strategic shopping center at a signalized intersection with 60,000 cars passing by daily (ADT)and growing. New family homes, condominiums and offices are planned for construction shortly, just across the station, which will bring added traffic etc. The station pumped last year 190,000 gallons per month plus $74,000 in c-store sales plus lottery. An owner/manager will certainly do much better.Current annual rent is $95K. The oil company will subsidize the dealer's rent taxes and CAM charges by 50% during the first 5 years.

Facilities: A 4.5 years old state of the art branded gasoline station with a large (3,750 sq. ft) Convenience store, + fast food restaurant and a deli, 4 MPDs, canopy and tank field. Beautifully landscaped.

Competition: Limited competition

Growth/Expansion: A "hands on " operator will certainly further develope sales and profits by adding additional profit centers, such as hamburgers, pizza, wrapes, salads etc. Deli sandwiches, fried chicken and French fries are currently offered along with ice cream, soups, doughnuts and a variety of flavored coffees. All the equipment is already in place. The business needs a "vested interest owner" who is going to be on location and manage the business on a daily basis.The assets are being sold free and clear from all liens and encumbrances.

Financing: Prequalified SBA guaranteed bank loan

Support/Training: 2 to 4 weeks of on site training.

Reason Selling: Dealerising a company owned and operated station