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Convenience Store and Gas, with Real Estate Included

Pasadena, TX (Harris County)

Convenience Store
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Asking Price: $490,000

Cash Flow: $150,000

Gross Revenue: $360,000

EBITDA: N/A

FF&E: N/A

Inventory: $48,000

Real Estate: N/A

Established: 1965

Convenience Store and Gas, with Real Estate Included

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Business Description

Pasadena Area Convenience Store and Gas with real estate.  Inside sales $25,000 to $30,000 per month, plus vending games, check cashing & Lotto.  Non-Branded Gas Sales are 10,000 to 12,000 gallons per month.  There are 3 tanks & 2 pumps. Gas margins average about $0.08 per gallon. 

The real estate includes a beauty salon on the first floor and a 5 bedroom apartment on the second floor. The beauty Salon pays rent of $1,050 per month, and the apartment is rented at $1,200 per month. 

Owner's wife is seriously ill and he must sell this property to have time to take care of her.

Detailed Information

Location:
Pasadena, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
14,400
Employees:
1 FTE
Facilities:
Real Estate is included in the sales price. There is a beauty salon that leases 1,400 sq. ft. and pays rent of $1,050 per month and a 5 bedroom apartment rented at $1,200 per month. The property consist of 14,400 sq. ft. and improved with a 5,580 sq. ft. building which includes the c-store at 2,400 sq. ft., a beauty salon at 1,400 sq. ft., and a 5 bedroom upstairs apartment.
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Family Health Issues
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Jeff Jones

Business Listed By:
Jeff Jones

Texas Broker

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