100782-CW High Traffic Branded Gas/C-Store off I64, VA.

James City County, VA

100782-CW High Traffic Branded Gas/C-Store off I64, VA.
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Asking Price: Get Financing: $330,000

Cash Flow: $110,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $45,000

Inventory: $45,000*

Lease Rate: $4,800 /Month

Established: 2007

*not included in asking price.

100782-CW High Traffic Branded Gas/C-Store off I64, VA.

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Business Description

Profitable! Expandable! Established! Growth Potential!

Profitable and Expandable!

This great business has operated successfully for over 11 years. The location is on a highway 64 exit. Current employees include 1 shift manager working at this location, with the assistant manager having 3+ years of experience at this store.
The gas station has 4 gas dispensers (8 * Pumps) offering Premium, Mid-Grade, & Regular gasoline as well as Diesel, current contract expiring in 2021 with 2 * 3 year options. Customers are purchasing 135,000 PLUS gallons of fuel every month, at a profit of $0.03 per gallon, ATM, Air compressor, and Vacuum to give an additional $200-220 per month.
Inside is busy as well! The convenience store has grocery average sales of$45,000/mo.+, average beer & wine sales $22,000/mo.+, also with Lottery sales $2,000/mo.+ Commission. The convenience store is also in the process of accepting SNAP cards from customers.
Included in this sale is new equipment, installed in June 2017, including new inside lighting, AC unit, beer cooling system, and drink cooler cooling system (over $10k value). Outside there is a 6 camera - security system.
The monthly rent for this location is $6,000 and insurance is $1,200 for the year.

Inside Sales $75,000 per month at 28% + margin – owner to prove.
Gasoline Sales: 135,000 + gallons per month at $0.03 profit / gal – *owner to prove.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,850
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
At a sale price of only $330k plus inventory, this already successful business has all the ingredients to take profit to the next level, snatch it up now and get ready for tourist season! Inside Sales is above $80,000 per month at 30% margin Gasoline Sales 135,000 PLUS gallons per month at $0.03 profit / gal Lottery Commissions $2,000 per month ATM / AIR / Vacuum $325 per month Cigarette Buydown/Rebate $2,100 per month.
Support & Training:
2 weeks
Reason for Selling:
other interests
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Cobus van der Watt

Business Listed By:
Cobus van der Watt

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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