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Convenience Store with Gas and drive thru window for sale in Salt Lake City, UT

Salt Lake City, Utah (UT)

Asking Price: Gross: Cash Flow:
$ 70,000 $ 1,206,839 $ 64,844

Inventory Value:
$ 55,000 (not included in the asking price)

Business Summary:
This business has been remodeled, updated and improved during the past 14 months of the current ownership. Sales continue to grow and the only two stores for competition in the area have suffered. This store has the best location by far for traffic convenience to the store. Seller\'s have not worked a shift in the store and spend 15-20 hours per week in ordering and bookeeping. Seller recently received a job offer out of state and has relocated. This is the reason for sale. Price is $70k plus inventory. Seller estimates that there is apx. $55k gas and grocery inventory at any given time. Great opportunity to increase income by adding a food franchise. There is inside seating and a drive up window. Seller is very motivated and have reduced the price from $170k including inventory to the $70k plus inventory as of March 2, 2010. Seller\'s have negotiated the first 12 months rent at $4000 plus CAM rather then $5000. Seller believes after the first 12 months a wise purchaser could negotiate the rent lower than the $5000. After the initial 6 years of ownership, seller\'s believe a better rate may be negotiated since the current sublease will be over with the landowner. Seller had no intention to sell and relocate, but the out of state job opportunity is too attractive.

 

   
Year Business was Established: 1991
   
Number of Employees: 1FT/7PT  
   
Facilities / Terms of Lease: Current lease has 67 plus years left. Assignment at sale.  
   
Potential Growth/Expansion: Great opportunity to increase income with addition of fast food franchise  
   
Competition: This is the nicest and most well known C store in the area.  
   
Owner willing to finance: Some possible  
   
Owner willing to train: Seller will provide training  
   
Reason for selling: Extensive driving distance and other business. Also, change in family situation.  
   
Seller Reference Number: bm1811828440
BusinessMart.com Listing Number: 62355
 

 

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For more info contact:

David Keith

David Keith and Associates
801-355-9990

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