Business Summary:
This unbranded self-service gas station is located on the South Shore at the juncture of two very busy main roads, with an estimated traffic count of 30,000 vpd. The station pumps about 1.8 million gallons per year of gasoline from two islands with a total of four blending dispensers with credit card readers. The convenience store is about 400 square feet and has revenues of $360,000 per year with a lottery net of $30,000 per year. There are three double walled fiberglass tanks installed in 2003, giving the site a total of 24,000 gallons storage. The site has a clean 21E from 2003. There is new retail/office complex next door and a large new mall within a quarter mile, both of which drive significant traffic by this site. Highlights: 1.8 million gallons per year at a profit of 12 cents per gallon. Store sales of $360,000 per year at a profit of 28%. Lottery commissions of $30,000 per year. Estimated yearly gross profit of $346,800. Estimated yearly cash flows of $112,100. Land and building: The site is situated on 6,098 square feet and the building is 414 square feet. Equipment: Four Wayne Ovation dispensers with card readers, Wayne Nucleus console, canopy, store furniture and fixtures. Three DWF tanks (Two 8,000 gallon NL tanks and one 8,000 gallon Super tank). Contractual obligations: No fuel contract in place. Environmental: Class C RAO in 2003, Certificate of Compliance in the MA 21J fund valid through 2011. Utilities: Municipal water and private septic. Real Estate Taxes: $1,000 (estimated FYE 2007)
|
|
|
| Facilities / Terms of Lease:
The gas station is located on 6,098 square feet of land. The building is 414 square feet. There are three 8,000 gallon double walled fiberglass tanks, giving the site 16,000 gallons of NL storage and 8,000 gallons of Super storage. There are three Wayne Ovation blending dispensers and a Wayne Nucleus console. All the equipment was installed in 2003. |
|
