Profitable Convenience Store

Staunton, VA (Staunton City County)

Profitable Convenience Store
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Asking Price: $65,000

Cash Flow: N/A

Gross Revenue: $1,025,062

EBITDA: $75,000

FF&E: $60,000

Inventory: $20,000

Rent: $1,800 /Month

Established: 1998

Profitable Convenience Store

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Business Description

MUST SEE LOCALLY OWNED AND OPERATED CONVENIENCE STORE/GAS STATIION

Locally owned and operated highly profitable convenience store on the high traffic Route 250 main corridor to Historic Downtown Staunton. Staunton is experiencing a high growth and contruction phase with new Chick fil a, Aldi Grocery, Hilton and Marriott only blocks away.Other high volume retail on the main drag of 250 includes Lowes, Walmart (no gas) and Auto Zone (located just next door). Station has a very long time and loyal customer base that enjoys the feel of their hometown station. Unbranded station has the history to deliver over 300000 gallons yearly fuel sales with unusually high margins due to the ownership of the fuel tanks and pumps. Ownership allows for the retinsion of all moneys collected in sale of fuel with no outay to supplier. All inventory (other then fuel in tanks at time of sale), equipment, fuel tanks, fuel pumps convey.

Detailed Information

Location:
Staunton, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
7/1/2029
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8 reg/mid/prem and 2 diesel pumps-10 yrs old. 3 underground double walled fiberglass tanks, 11000 gal, 8000 gal . and 6000 gal-10 yrs old (20 yrs life left). Ruby with Sapphire upgrade pos and chip compliant credit card system.All fuel monitoring equipment, fuel dispensing and storage equipment, all store furniture, fixtures and store inventory. Sale of business includes 10 year lease with fixed monthly rent. $1800 per month for first 5 yrs, $2400 per month second 5 yrs. All inventory and equipmwnt convey.
Growth & Expansion:
Currently an unbranded station. Buyers can elect to brand station thru current fuel distributor for expansion in the local market.
Financing:
No owner financing
Reason for Selling:
retirement after 21 yrs in addition to health issues
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Business Listed By:
Sybil purrdittle

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