Investment Opportunity for C-Store Conversion

Charlottesville, VA (Albemarle County)

Seller Financing Available
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Asking Price: $130,000

Cash Flow: $52,000

Gross Revenue: $1,600,000

EBITDA: N/A

FF&E: N/A

Inventory: $20,000*

Rent: $9,900 /Month

Established: 1983

*not included in asking price.

Investment Opportunity for C-Store Conversion

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Business Description

** Very motivated seller **

This Exxon-branded gas station is currently configured with 4 service bays for general automotive repairs, plus a small C-Store used mostly for selling items to waiting customers. The real financial opportunity of this location, however, is to remodel the existing service bays into a greatly-expanded C-Store that can serve all of the north-bound traffic leaving Charlottesville and the guests staying at the three hotels immediately adjacent to the property.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
800
Lease Expiration:
12/1/2026
Employees:
3
Facilities:
Service Bays: Approximately 600 sqft of work area with four bays, all equipped with lifts. Oil storage tanks. New tire machine. Two bays certified to conduct Virginia State Safety Inspections. Waiting Area: Remodeled waiting area. Small concessions sales (drinks, chips, cigarettes, etc.). Fuel Pumps: New fuel pumps installed in 2017. These pumps are EMV compliant (chip cards), with video screens providing additional advertising space. New digital price sign located on street corner.
Competition:
Location, location, location! - Corner Lot immediately north of major arteries Rt. 29 and Rt. 250 with multiple entry/exit points - First gas station for all north-bound traffic going through Charlottesville – if you are leaving the city or passing through, you must drive past this location - Approx. 52,000 vehicles/day, based on a 2010 traffic study – volumes have only gone up - No other C-stores close by – nearest one on 29N is a 7-Eleven one mile away - There are three hotels immediately adjacent to the property
Growth & Expansion:
The convenience store offers the best possibilities for expansion. Can introduced alcohol sales and expanded food sales. You could also add in a deli counter, either to the existing space or with a small addition on to the building.
Financing:
Up to 50% for qualified buyers
Support & Training:
As much as required for smooth transition.
Reason for Selling:
Owners want to focus on other businesses that we own
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Business Listed By:
Chris DesBarres

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