PENDING Only $200K Down Buys withLoan Gas Station $436K Net 30% Upside

Cook County, IL

Seller Financing Available
This is NOT the pic of subject for sale
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Asking Price: $2,699,900

Cash Flow: $436,000

Gross Revenue: $3,685,848

EBITDA: $337,897

FF&E: $1,400,000

Inventory: $150,000*

Real Estate: $1,300,000

Established: 2006

*not included in asking price.

PENDING Only $200K Down Buys withLoan Gas Station $436K Net 30% Upside

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Business Description

$$$******************** CONTRACT PENDING *****************$$

Another Great Listing Offered by Syed Brokerage & Capital -
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Only $200K Down Buys Gas Station $436K Monster Income for the owner-operator plus 20% Upside
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$$$$
The station is located in the Cook County of Chicago area.

Remember that Cool County has high property taxes but the no other area in the county can match the gas profit margins of Cook County other than California.
You may verify this phenomenon of high-profit-margin thru OPIS. It is very common to have 30-50 cent profit margin per gallons in the Cook County area. The Seller shall prove it with the fuel invoices
$$$$

The subject is a self-serve Citgo gas station with a Circle-K convenience store (C-store) and an exterior-only conveyor soft-cloth car wash located at the main IL route. The building improvements total 3,913 SF, and there are two 1,800-SF fueling-island canopies. There are 6 double-sided multiple-product dispensers (MPD) on the covered islands (12 fueling positions). The 30,905-SF (0.71-acre) site forms a level, rectangular-shaped, corner lot.
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Located in Chicago Metro about 20 minutes from Chicago Downtown

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A fantastic opportunity for the RIGHT EXPERIENCED OPERATOR. You shall make more money if you work hands-on. Current owner is absentee.
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Located at the traffic light - right off the interstate expressway.

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Main Attractions of the business
1- It is one the most beautiful sites with the newer building of convenience store and the gas station
2- It has the highest gasoline and diesel margin in the area.
3- It has a very high lotto commission
4- It has a high ATM commission which can be increased by 40% if you put your ATM machine there instead of the leased one.
5- It has high car wash income of about $7,000 per month
6- Almost everything is remodeled new. Therefore, no major capital expenditures in the near future

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The seller just revamped and performed a major redevelopment on the outside of the gas station and huge inside remodeling of the convenience store and car wash. The seller has done the following
* The installation of LED lights all around the location,
* New Shelving,
* New Counter for Cashiers
* New Coffee Section
* New Neon Signage inside the Store
* Replacing all of the gasoline pumps, and
* Seller just spent about $500,000 to redevelop the location.
* New imaging and signs inside the store and outside of the store.
* New card readers on all pumps.

PROFIT CENTERS ARE AS FOLLOWING:

$$****** As of Month of August 2018 (8months of report) Sale/Exp.************ $$

Total Fuel Gallons 86,691 per month
Gasoline Gallons per month 12,358 @ $0.32 = $4,413
Diesel Gallons per month 74,083 @ $0.35= $23,707
Fuel Gross Profit $28,120
Convenience Store Grocery/Cig Sale $67,219
Cstore Category #1 Cigarettes $13,306 @12.00% $1,596
C-Store General Merchandise, Beer, Wines, Tobacco, Truck and Auto Supplies etc. $53,913 @ 43.00% $23,183
Lotto Sale + Cash Pay Winning Tickets Commission $3,109
Car wash $6,779
Miscellaneous Income Streams
Vendor rebate $1,551
Fuel Rebate Jobber $950
ATM/Air Commission $2,100
Cigarette buydown/Display Income $500
Non-fuel Profit $34,074
Monthly GROSS PROFIT $62,232
$
Hrs of Operation twenty-four hours
$
Payroll
Employee #1 $4,290 13 hrs./Day @ $11/hr. 30 Days
Employee #2 $2,574 9 hrs./day @ $11/hr. 26 days
Employee #3 $1,296 6 hrs./day @ $9/hr. 24 days
Employee #4 $1,860
Employee #5 $1,860
Total Payroll $11,880
Payroll Taxes $1,307
Total Payroll and Taxes $13,187
Utilities
Electric $950
Gas $250
Telephone $322
Security $95
ADT $85
Accounting $250
Bank Charges $359
Credit Card Fees $8,000
Insurance $667
Misc. $1,000
Misc. Data Fees $150
Office Expense $450
Real Estate Tax $8,853 per month
Repair $2,000
Sale Tax $5,194
Sign $500
Supplies $615
Total Expenses $34,074
MONTHLY NET OPERATING INCOME $62,232
ANNUAL NET OPERATING INCOME $28,158
**************************
RUNNING AS IS
*******************
The Broker has had the property pre-qualified for a loan with $200,000 down payment -
*
Seller shall finance upto $150,000 - depending upon the sale price
*
It is a GOLD-MINE only for the experienced operator with vision.
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The low down payment is available for... If you qualify, terms and conditions are dictated by the lender. However, you must meet the following minimum requirement. Some fees apply.
-
******* *********************************************************
1- US Citizen or Green Card Holder (permanent resident) with the;
2- Related verifiable experience that must be verified through W2, 1099, Schedule C or business tax returns)
3- Have $250,000 to show in your bank account.
4- Minimum Credit score of 600 or more and
5- MUST NOT have any slow pay (30-60 DAYS past due) in the last 24 months.
6- The SBA loan payments and terms are not determined by the Broker.
7- The Business loan interest rates are WSJ prime rate + 2.75% per year.
8- There are some typical, customary SBA loan closing costs.
9- The broker may be able to finance all of the closing costs into the business loan
10- Other terms and conditions apply.
11- This is NOT a guarantee to lend or solicitation to lend.
*************************************************************** *
Information delivered to the broker from the client and compiled by the Broker. Source though deemed reliable, but the accuracy of the information is not guaranteed.

FILL IN THE NDA FIRST
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FAX OR EMAIL BACK TO THE OFFICE.
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PLEASE DO NOT CALL FIRST
Attached Documents

Attached Documents


Detailed Information

Location:
Cook County, IL
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,913
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building improvements total of 3,913 SF, and there are two 1,800-SF fueling-island canopies. There are six double-sided multiple-product dispensers (MPD) on the covered islands (12 fueling positions). The 30,905-SF (0.71-acre) site forms a level, rectangular-shaped, corner lot. This level, corner site is at street grade and has excellent visibility, with about 239 feet of frontage along a Major road and 134 feet of frontage alongside Street. The building is 3,913 SF in size and includes a 2,678-SF C-store and a 1,235-SF car wash tunnel. A portion of the C-store is for the office, storage, utility, and work areas, and the sales area has a multi-door cooler along one wall and merchandise racks on the center floor; there are separate men’s and women’s restrooms. The car wash has a tunnel length of 65 feet, and the conveyor is roughly 85 feet long. There is a cashier pay window along the back of the building for the car wash services. This is an exterior-only car wash where customers vacuum their vehicles. Toward the east side of the site, there are two 24’ x 75’, Class “S” canopies covering three gasoline islands with six fueling positions each. There are six double-sided MPDs, one on each island. There are also three underground fuel tanks: a 10,000-gallon tank for diesel fuel, a 15,000-gallon tank for regular unleaded, and a 6,000-gallon tank for mid-grade and premium-octane unleaded gas. The site has mature and well-groomed landscaping that includes grass, trees, and shrubs. Other site improvements include a large block wall along the back (west side) of the site, three light poles, a digital pylon sign, and a gated trash enclosure. The car wash includes soft-cloth wash equipment with a conveyor. There are two double-hose vacuum stations along with one hot foam carpet machine.
Growth & Expansion:
The subject is situated at the northwest corner of a traffic light intersection Street in the northeastern portion of City. It is the first gas station off the expressway and lies 1 mile north of the Interstate 290 Freeway access ramps. The uses along the road to the north and south of the subject include a mix of commercial and residential properties, with the commercial uses being more prominent near the major intersections just north of the subject. These include neighborhood retail centers and strip centers, as well as multi-tenant office buildings. The surrounding interior streets are improved with mostly single-family residences, although we also observed some multi-family residential projects, as well as some light-industrial uses in some areas along the subject Road.
Financing:
Seller shall finance upto $150,000
Support & Training:
Yes
Reason for Selling:
Partnership split
Business Website:
http://syedbrokerage.com
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(from currently available funds)
 
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Mehmood H. Syed, CM&AA

Business Listed By:
Mehmood SYED

Syed Brokerage & Capital Co.

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