335435-RB Profitable Branded Gas Station in Richmond Virginia

Richmond, VA (Richmond City County)

Seller Financing Available
335435-RB Profitable Branded Gas Station in Richmond Virginia
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Asking Price: Get Financing: $225,000

Cash Flow: $150,000

Gross Revenue: $786,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Lease Rate: $7,750 /Month

Established: 1996

335435-RB Profitable Branded Gas Station in Richmond Virginia

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Business Description

Profitable! Expandable! Established! Growth Potential!

This business has operated successfully for over 22 years. The location is just across the road from a major event venue, this gas station and C-store has a beautiful standalone building on a 0.70 acre lot of real estate and cannot be missed! Current employees include 1 assistant manager, 1 shift manager, and 3 deli assistants working at this location, with the assistant manager having 12+ years of experience at this store.
The gas station has 2 gas pumps offering Premium, Mid-Grade, & Regular gasoline as well as 1 Diesel pump and 1 Kerosene pump supplied by PAPCO, with a contract expiring in 2020. Customers are purchasing 28,960 gallons of fuel every month, at a profit of $0.20 per gallon, as well as purchasing 5,000 gallons of kerosene every season at $0.70 profit and making use of the ATM, Air compressor, and Vacuum to give an additional $1,000-1,200 per month.
Inside is busy as well! The convenience store is equipped not only with a Krispy Krunchy Chicken counter ($10,463/mo.), grocery ($5,472/mo.), beer & wine sales ($12,960/mo.), but also with Lottery sales ($5,449/mo. Commission) and Check Cashing, Bill Payment, and Money Order services ($300/mo). The convenience store is also in the process of accepting SNAP cards from customers.
Included in this sale is new equipment, installed in May 2018, including new inside lighting, AC unit, beer cooling system, and drink cooler cooling system (over $27k value). Also a large amount of kitchen equipment comes with the store, including two walk-in coolers, a walk-in freezer, a 5-foot hood, Henny Penny fryer, table top fryer, 3-compartment sink, and 7-compartment Henny Penny warmer. Outside there is a 24 camera security system.
The monthly rent for this location is $7,750 and insurance is $4,800 for the year.

Inside Sales $55,000 per month at 24-26% margin
Inside Sales Breakdown
Drinks: $6,680 at 35% margin
Grocery: $5,472 at 30%
Beer & Wine: $12,280 at 25% margin
Cigarette: $13,742 at 9% margin
Tobacco: $3,500 at 32% margin
Non-Food: $2,309 at 50% margin
Deli Sale: $10,463 at 45% margin
Gasoline Sales: 28,960 gallons per month at $0.20 profit / gal
Lottery Commissions: $5,449 per month
Check Cashing / Money Order: $300 per month
Kerosene Sales: 5,000 gal per season at $0.70 profit / gal
ATM / AIR / Vacuum: $1,000 -1,200 per month

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
75000.00
Support & Training:
4 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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