Business Summary:
This BP Gas Station and Convenience Store has been in this location for quite some time and is ready for an energetic new owner to assume operations. Excellent location on major thoroughfare in Fond du Lac, WI.
http://www.youtube.com/watch?v=IktGJRk2zJg&feature=channel_page
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| Year
Business was Established: 2003 |
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| Number of Employees:
2 FT/3 PT |
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| Facilities / Terms of Lease:
Gas Station/Convenience store was built by current owners in 2003. Facilities include 3 pumps with double hoses and two unleaded gasoline underground storage tanks (USTs). The USTs are fiberglass and approximately 10,000 in capacity. Each tank is equipped with an electronic tank monitoring device, and the station undergoes State-required annual safety inspections to assure environmental compliance. The current volume of gas distribution averages 62,000 gallons monthly or $2,128,831.00 in annual gross revenue. US Oil is under contract through 2016 to supply the fuel.
The majority of the retail space is open and stocked with racks of groceries. Janesville distributor Chambers and Owen supplies the racks and dry goods. Cintas is the current contractor for laundry and uniforms. An on-site ATM is included in the purchase price. One soft-drink cooler and the coffee machines are leased, and these leases are assumable by the new owner. Annual merchandise sales for 2007 were $683,829.00. Tobacco and cigarette sales comprise $547,730.00 of the total annual merchandise sales. Lottery sales represent an additional $16,630.00 annual and ATM income was $2,020.00 in 2007. |
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| Potential
Growth/Expansion:
Prime location on a major thoroughfare in Fond du Lac with excellent opportunity for growth. In addition to in-store and exterior signage, new owner could offer specials on coffee or grocery items with gas purchases. Loyalty cards on a point system would also encourage repeat customers. Additionally, gasoline sales hours could be expanded to 24/7 with pay-at-the-pump option; store hours could also be expanded at new owner’s discretion. |
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| Competition:
Products and services include Unleaded Gasoline, groceries, tobacco, beer, lottery, and ATM access. Great location on a major thoroughfare in Fond du Lac near two major intersections. Loyal local clientele; brisk cigarette and lottery sales. Prices are competitive and in line with others in area.
Marketing: Current owner utilizes fence surrounding building and lot for signage featuring products, specials, etc.
Products and Services: |
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| Owner
willing to finance:
Most businesses qualify for 401K/IRA funding without penalty. |
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| Owner
willing to train:
Seller agrees to provide Purchaser with 4 weeks of training immediately following closing. The training will be for 4 days per week with a maximum of 2 hours per day at no charge to Purchaser. |
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| Reason for selling:
Operating owner/partner relocating out of state |
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Seller Reference Number: 4181-268
BusinessMart.com Listing Number: 52997 |
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