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High Volume Gas w/Convenience Store for Sale in Southern Connecticut
| Reference #: |
05221599
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| Location: |
Southern Connecticut
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| Price: |
$359,000 |
| Amount Down: |
$359,000 |
| Revenues: |
$453,000 |
| Discretionary Earnings: |
$99,348 |
| Total Assets: |
$30,000 |
| Business Description: |
This gas station with convenience store generates sales of about 100,000 gallons per month @ $.14 per gallon and convenience store sales of about $65,000 per month @ about 30% gross margin. It is located just off interstate I-95 and has a fully equipped food service area for a take-out deli or other fast food business which is presently not being operated. In the past, this area of about 300 sq. ft. has produced sales in excess of $1,000 per day. Marginal income on deli sales should be in the 35% range on sales at a minimum. This would be $350 per day or $1,750 per week for a five-day week or $87,500 per year additional profit to the owner and should be added to the figures showing here. Lottery sales run in the range of $70,000 per month at about 5% commission but lottery was discontinued in 2007 by the owner for personal reasons . This lottery commission of roughly $3,500 per month or $42,000 per year, should also be added to the figures showing here. So, by adding the lottery income and the deli income, total annual pretax income will be in the $150,000 range. Rent, including real estate taxes and common area maintenance, is $12,300 per month. Landlord is a major national oil company. Inventory averages about $70,000 and is not included in the purchase price. |
Contact Us About This Business For Sale
The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business. |
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