Business Summary:
Established Convenience Store located on the corner of two busy highways in Baldwin County. Major residential developments going in all around this location. 2-MPD pumps with a total of four hoses. Room to expand with an additional island on one side. The store is large with about 1,000 SF of un-used area that could be additional grocery space or rented out for additional income.
They have a small deli that does about $5,500 a month in pizza sales. One 4,000 gallon tank and 2-2,000 gallon tanks. Inside sales are 48.8% of the total sales. Inside sales are 46.5% of the total with a 24.6% profit. Rebates are not included in the financials, which will add another $20,000 to $25,000 in net income.
Sales and net income for 2007 are running considerably ahead of 2006. Growing business in an area of rising real estate values. Inventory is not included in the purchase price. Real estate is included in the purchase price.
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