Retail - Convenience Stores | Retail - Gasoline Service Stations

Asking Price	Not Disclosed	Inventory	$46,553*
Gross Income	$4,285,397	Real Estate	$500,000*
Cash Flow	$229,409	Year Established	1962
FF&E	$250,000*	Employees	4

* included in the asking price

** not included in the asking price

The Company was formed in 1962, acquired by its current owners. Company operations consist of delivery of bulk petroleum products (gas, diesel, oil) and operation of a full service gas station that offers repair services. Management indicated that the gas/service station has two garage bays for vehicle repairs, service and tire sales. The labor rate charged in the shop is $40.00 an hour. In addition, Company management indicated that their typical margin on petroleum products is anywhere from $0.05 per gallon up to $0.20 per gallon depending on the quantities delivered. Company operating hours are 7:00 a.m. to 5:00 p.m. Monday through Friday.

Facilities: The Company leases their current location that is owned personally by the Company s owners. The facility has approximately 2,760 square feet of space including two service bays (one with a lift) and three offices.

Competition: Company management indicated that they believe that the Company is the largest bulk delivery company in the area. In addition, management indicated that the Company competes by offering better service than their competitors. Furthermore, Company management indicated that pricing must be competitive in order to obtain business and that the Company s pricing is about average in their market area.

Growth/Expansion: Company revenue has increased from $2,711,000 in the year ended December 31, 2004, to $4,285,000 in the year ended December 31, 2006. Management indicated that revenue for the year ending December 31, 2007, is continuing to trend upward. However, management indicated that the increased revenue is attributable to higher gas prices as actual gallons sold has remained fairly steady over the past few years. Accordingly, we believe the Company will likely experience growth over the near term and future growth will be largely dependent on future gas prices.