Business Summary:
This successful convenience store has been in business since 1980. Five years ago the owners relocated the store just up the road where they would have a larger parking area and easy access to the new 4,000 sq. ft. gas station and convenience store.
The business includes a liquor, beer and wine license and also offers its customers a variety of prepared food items. The store is currently selling pizza and sandwiches for breakfast, lunch and dinner and also offers ice cream at their walk up window for added service to their customers. They also offer a walk-in self-service beer cooler to better serve their
customers. This facility is by far one of the nicest gas station, convenience stores you will find in the State of Michigan.
Since building their new store they have had a steady increase in sales inside the store and since adding the branded gas station to their new facility, they have seen a steady increase in gas sales as well. This store is located on the way to one of West Michigan's prime tourist destinations that brings customers right to their door throughout the year. The new owner has the option of keeping the branded gas station or changing it to an independent gas station.
The partners have decided to sell the store since one of them recently relocated out of the area and the other partner has already worked well into his retirement years. The business has a 3 year average cash flow of $120K with limited involvement from
either partner. Cash flow in 2007 was at $132,000.
The business is being offered for 1.29MM. The price includes the real estate, equipment & liquor license. In 2007, the business had over 3.1MM in sales of which $1.2MM were inside sales and they sold more than 650,000 gallons of fuel. The inventory is not included in the purchase price, but will be available to purchase at market value at the time of the sale. The building was appraised at over $1.2MM when it was completed less than five years ago. For further information about this well established gas station, convenience store, please contact Brent Dailey at 231-730-5364.
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