Grove City Marathon Gas Station (Lowered Price!)
Reduced Price! Profitable gas station with growth potential!
Grove City, OH
The price for this gas station is just lowered to $135,000 + Inventory. This reflects a $34,000 discount on the original price of $169,000 plus inventory.
This gas station has strong income of approximately $10,000 per month for the operating owner. In the calculation of the income, ALL EXPENSES, including Rent have been DEDUCTED! The only expense that is NOT deducted is the payroll, because it is assumed that the owner (and family) will be operating the business. This income is generally referred to as Cash-Flow or Owner’s Discretionary Income (ODI).
Revenue is solid and growing; here are recent numbers (approximate):
Inside Sales (Beer/Wine/Cigarettes/Misc sales): $51,000 per month
Lottery Sales: $40,000 per month, Approx. $28,000 Net Commissions per year
*This place has become the favorite (“lucky”) place for buying lottery tickets. Gasoline Sales: 15,000 gallons/mo.
Future Expansion Potential:
The property has an attached unused space that is currently used for storage. It can be opened up as a drive-thru, fast food, or a check-cashing business to increase the revenue.
Reason for sale:
Another time-sensitive business venture opportunity- The seller has extensive background in restaurant and bar business. He also owns another larger gas station with an inside-restaurant.
The price has been lowered by $34,000 to $135,000 plus Inventory for a quick sale. The seller is going to provide seller financing for the inventory and also $25,000 of the new lowered purchase price. This makes the necessary cash for the purchase to be only $110,000.
Cash needed at closing: $110,000, plus $25,000 deposit for gasoline distributor. This gasoline deposit does not go to the seller, it is required by the gasoline distributor and is refundable.
Seller financing: Seller will self finance the Inventory (approx. $40K) plus $25,000 of purchase price at 7.5% for 18 months. Buyer should have good credit.
Serious buyer with cash, ready to buy. Familiarity with running a gas station is a plus.
Buyer needs to have a minimum of $135,000 cash at closing ($110K for purchasing + $25K deposit for gasoline distributor).
Seller need assurances and proof of available cash from the buyer (bank letter, statement, etc.). If you do not have the above minimum cash on hand, or if you want to rely on other financing, PLEASE DO NOT RESPOND to this ad. It would be waste time for everyone involved.
Branded Gas & C-Store Business-Owner Financing Available-Profitable
Price lowered-$299,000 + Inventory&Gas-Seller has Other Interests
This Branded Gas Station and Convenience Store features Self-Service Gas and sells Beer, Wine, Cigarettes, Cigars, Convenience Items and Lottery. It has a Coffee Bar and a Drive Up Window. It provides ATM, Bill Pay, Air Pumps, Vacuum, etc.
There are 5 part-time employees.
Inside Store sales average $100,000 per month plus Lottery. There is additional income from ATM, Air Pump, Vacuum, Bill Pay and Vendor Rebates.
Gas Sales average 52,000 Gallons per month with a Pull Margin of approximately $0.10 to $0.15 per gallon.
The Sale Price for the Business is $475,000 plus Inventory and Gas in the Ground at cost. There is Seller Financing Available with 50% Down plus Gas in the Ground and Inventory at cost. The Buyer must have excellent credit and experience. The lease for the property is $6,000 Triple Net per month.
The information provided was from sources deemed reliable, but the prospective buyer should provide its own due diligence.
D. Green and Associates, Inc. is a licensed Ohio Real Estate Broker and represents the Seller of the Business.
For further information contact Diane Green, President, at 440-449-0635 or e-mail her at firstname.lastname@example.org.