451728-CW High Traffic Branded Gas/C-Store in Harrisonburg, VA.

Harrisonburg, VA (Harrisonburg City County)

Seller Financing Available
451728-CW High Traffic Branded Gas/C-Store in Harrisonburg, VA.
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Asking Price: Get Financing: $289,000

Cash Flow: $145,000

Gross Revenue: $920,000

EBITDA: N/A

FF&E: $75,000

Inventory: $55,000*

Lease Rate: $5,800 /Month

Established: 1998

*not included in asking price.

451728-CW High Traffic Branded Gas/C-Store in Harrisonburg, VA.

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Business Description

Profitable! Expandable! Established! Growth Potential!

This business has operated successfully for over 20 years. Located just across the road from a major event venue, this gas station and C-store has a beautiful standalone building with a Credit Union located next to it, cannot be missed! Current employees include 2 shift managers, with the assistant manager having 5+ years of experience at this store.
The gas station has 8 gas dispensers (16 pumps) offering Premium, Mid-Grade, & Regular gasoline as well as Diesel and 1 Kerosene pump, current contract expiring in 2027. Customers are purchasing over 90,000 gallons of fuel every month, at a profit of $0.02 per gallon, making use of the ATM, to give an additional $200-220 per month.
Inside is busy as well! The convenience store has a grocery bringing in $58,000+ per month, beer & wine sales of $18,000+ per month, and with Lottery sales of $300 per month + 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 $70k value). A good amount of kitchen equipment comes with the store, including two walk-in coolers, and a walk-in freezer. Outside there is a 12 - camera security system.
The monthly rent for this location is $5,800 and insurance is $1,800 for the year.

Inside Sales $65,000 per month at 34% + margin
Gasoline Sales: 90,000 + gallons per month at $0.02 profit / gal

Loyalty: 5% from store sales.16 pumps, large lot and store space. It is a turnkey operation. Absolutely neat and clean. Must see to appreciate!

Inside Sales $65,000 per month at 34% margin
Inside Sales Breakdown
Grocery - 50.82% of total sale at 38% margin
Beer – 30.06% of total sale at 94.20% margin
Wine – 2.96% of total sale at 100% margin
Cigarette – 9.41% of total sale at 33.06% margin
Gen. Merchandise - 8% of total sale at 42% margin

Deli Sale N/A
Gasoline Sales 9,4080 gallons per month at $0.02 profit / gal
Lottery Sales $500 per month Commission
Check Cashing / Money Order / Western Union / Moneygram N/A
Car Wash N/A
ATM / AIR / Vacuum $200 per month
Cigarette Buydown/Rebate $2,000 per month
Rental Income N/A

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
•Personalized customer service and commitment to quality •Located on Very Busy Intersection traffic light. •Land Mark Sign •Opportunity to expand convenience store. There are numerous items that can be added. Conveniently located near a Very Busy Intersection traffic light. 2 Entries from 2 major roads. In most sought market. Very Busy road.
Competition:
One of only two full service Convenience store/ gas stations with food on heavily traveled main road, near college. Excellent inside and gas sales. Business has full security system. Turn Key!
Growth & Expansion:
Due to its location on main arterial road it drives traffic combined with nearby neighborhood community. The new ownership if adds Check cashing and bill pay it would increase their top line revenue.
Financing:
84000.00
Support & Training:
2 weeks
Reason for Selling:
relocated
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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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