Business Summary:
Established in 1989, this busy and popular store has been run absentee for 20 years. The parent company has decided to focus on its non-store core business, and has elected to divest their single convenience store operation. Through the first 9 months of 2008 this business has grossed $7,910,322 with a corresponding net cash flow of $246,946 in 9 months, excluding additional rebate consideration received annually! The FFE and inventory amounts are approximate. The real property is based on an appraisal done last year. This would make a great store for an individual/family or a multi-store operator. A c-store with this revenue and assets is a rare find dont pass this up! Above sales and cash-flow are annualized based on the store's performance through the first 9 months of 2008.
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| Year
Business was Established: 1989 |
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| Number of Employees:
3 FT, 12 PT |
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| Facilities / Terms of Lease:
Clean and modern building with approximately 2600 square feet on 1.26 acres. One-bay automatic car wash is approximately 468 square feet. |
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| Potential
Growth/Expansion:
This is a gold mine for an experienced convenience store operator. The parent company (owner) has not maintained the proper focus on the c-store operation since it is not part of their core business. For an owner/operator or multi-store operator that can devote more management focus on the business, there is tremendous upside. The c-store is not tied down to a lengthy fuel contract. |
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| Competition:
This operation is one of the largest c-stores in a multi-county area. |
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| Owner
willing to finance:
Candidate for SBA financing. |
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| Owner
willing to train:
Manager is expected to stay on with sale of business. |
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| Reason for selling:
The business is owned by a larger corporation that wishes to divest their interest in convenience store operations and focus on their core business. |
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Seller Reference Number: 703-1022
BusinessMart.com Listing Number: 43444 |
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