87531-RB Gas Station Cstore with Property in Henrico VA

Richmond, VA (Henrico County)

87531-RB Gas Station Cstore with Property in Henrico VA
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Asking Price: Get Financing: $499,000

Cash Flow: $115,877

Gross Revenue: $765,582

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2009

87531-RB Gas Station Cstore with Property in Henrico VA

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Business Description

The property was acquired by the current ownership 8 years back and has made improvements over a period of years.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.
There are a couple of gas stations within vicinity of the property but due to its prime location it has it own niche.

Detailed Information

Employees:
1
Facilities:
This is a well-established business for over years. The current owner has been profitably operating it for over 8 years and has made substantial improvement since taking over. This a freestanding property, well laid out and has great access due its presence on main arterial road along busy route. It has withstood stiff competition in recent past with opening of new Wawa a few miles away, which caused some dent in gasoline sales but the business still holds its own niche in the neighborhood. It has decent inside sales and good scratch and lotto business. It is an ideal opportunity for family looking to own prime real estate with reasonable cash flow. It has low overheads and fairly well maintained c-store/ pump.
Competition:
There are a couple of gas stations within vicinity of the property but due to its prime location it has it own niche.
Growth & Expansion:
The new ownership has avenue to increase the incremental revenue by adding Bill Pay and Check cashing facility.
Support & Training:
2 weeks
Reason for Selling:
retiring
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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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