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Convenience Store with gas and car wash

Western Suburbs, Minnesota (Wright County)

Retail - Convenience Stores | Retail - Gasoline Service Stations

Asking Price $150,000 Inventory $70,000** 
Gross Income $2,414,000 Real Estate $1,000,000** 
Cash Flow $155,000 Year Established 1994
FF&E $150,000* Employees 4 pt

* included in the asking price

** not included in the asking price

Busy neighborhood convenience store on Hwy 25, 1 mile south of downtown. Over 300 newly built houses surround the station with new bi-pass highway planned to intersect Hwy 25, less than mile from the store. Sales of $1,856,988 Gasoline products, $501,969 Groceries, $55,231 Car wash income for 2006. Includes additional lot adjacent to store for additional business. Real Estate available for additional $1mm

Facilities: 66x40 building, 52 x 20 car wash Approx 2 acres, price does not include real estate, but is available to purchase. Lease: $6,500/mo triple net 5 year with 100% rent credit applied towards purchase for 1st year, that's $78K to use toward down payment on land and building.

Competition: Only convenience store on the south side of town.

Growth/Expansion: Great co-branding potential. Room for deli, pizza, fast food to increase sales, delivery would be very attractive, given the stores location.

Financing: $100K down with seller financing

Support/Training: 30 - 60 days for new owner

Reason Selling: Retirement

AD # 342234

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