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Businesses For Sale > Business For Sale in Linn County, Iowa (IA)
Established, Updated Cedar Rapids C Store w/Gas for sale in Linn County, IA
Linn County, Iowa (IA)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 750,000 |
$ 2,316,000 |
$ 110,217 |
Furniture and Fixtures Value:
$ 30,000 (included in the asking price)
Inventory Value:
$ 50,000 (not included in the asking price)
Real Estate:
$ 375,000 (not included in the asking price)
Business Summary:
Price reduced. Rare opportunity to buy a well established, Cedar Rapids convenience store, totally remodeled & upgraded in 2009 with high percentage of inside sales. Branded gas station located on a corner lot of a state highway with loyal clientele in a great blue-collar neighborhood near downtown employers & attractions. Offering a wide variety of retail goods, liquor store room, walk-in beer cooler, over $1 million lottery tickets sold, & much more. Experienced staff & increasing sales trend. Immediate possession with motivated seller willing to assist, orient, train, & support for smooth transition. Great potential for grow for investor, owner-operator, or add-on to existing business.
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| Year
Business was Established: 1987 |
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| Number of Employees:
1FT/4PT |
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| Facilities / Terms of Lease:
Well designed 2250 sq. ft store on corner lot in great neighborhood location with 7900 average daily traffic count close to large employers & attractions. In close proximity to 58,700 average daily traffic count on Interstate 380. Completely remodeled store inside & out in 2009. New furniture, fixtures, & equipment including DNR/EPA upgrades with 16,000 gallon, 3-compartment Xerxes underground storage tank (total cost $400,000). Low maintenance cement block building with new fence lot & asphalt pavement in 2009. |
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| Potential
Growth/Expansion:
An owner/operator or family can make a nice living. Or, this could be a profitable add-on for existing convenience store(s) owner. Abundant potential due to very little past marketing & sellers’ other priorities: increase marketing, promote expanded prepared product sales, & focus on up-sales or cross-sales. Opportunity to increase carry-out food. Add food delivery & catering. Promote more events. Expand adding a branded sandwich/soup/ salad, Laundromat, or coffee shop with breakfast items, bakery, & popular coffee drinks. Neighborhood improving from rare 500 yr. flood 3yrs. ago & extensive neighborhood improvements being planned. |
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| Competition:
No Wal-Mart, Sam’s Club, Murphy Oil, Hy-Vee, etc. nearby. No other convenience store on the same street. No other independent store in immediate neighborhood. |
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| Owner
willing to finance:
$75k for 36mo @ 10% |
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| Owner
willing to train:
Will train for 2 weeks @ no cost |
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| Reason for selling:
Relocation |
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Seller Reference Number: 5001-7064
BusinessMart.com Listing Number: 101931 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Roger Murphy
Murphy Business & Financial Services
727-725-7090
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