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Gas Station, Tire Sales & Service, Auto Service Shop for sale in Lamar, CO

Lamar, Colorado (CO)

Asking Price: Gross: Cash Flow:
$ 349,000 $ 4,763,778 $ 252,608

Furniture and Fixtures Value:
$ 165,000 (included in the asking price)

Inventory Value:
$ 60,000 (included in the asking price)

Real Estate:
$ 350,000 (not included in the asking price)

Business Summary:
Southeastern Colorado in a county seat communityThis is a full-service facility with increasing sales and profits offering name-brand gasoline and diesel products. They offer propane as well. They offer full-service oil, lube, and automotive repair plus name brand tire products and tire repair with mobile repair services. There are two sections to the complex; a gas station/auto repair facility which includes a nice waiting area and all the offices. The second section includes a separate tire storage building a 4-bay auto detailing shop. There are two covered gas pump islands. The property encompasses approximately 28,000 square feet. The facility and pumps have been upgraded to a very attractive appearance. Total gallons of gasoline and diesel sold in 2018 was over 750,000.This is a family-run operation which has been in business for over 40 years at the same location. Current family owner (husband and wife) has owned the business for 22 years. The business is located at the intersection of two busy streets offering excellent entry and exit. There is also direct access off a major U.S. Highway. The station used to be a Sinclair unit but the owner purchased his own bulk plant and now buys gasoline at wholesale pricing and buys it from himself. The owners have spent approximately 12 months and $120,000 in remodeling, painting, and new equipment; therefore one of the reasons that the sellerís discretionary earnings are slightly lower for 2016.

 

   
Year Business was Established: 1975
   
Number of Employees: 6  
   
Facilities / Terms of Lease: Southeastern Colorado in a county seat community. The business is located at the intersection of two busy streets offering excellent entry and exit and has direct access to a major U.S. Highway.  
   
Potential Growth/Expansion: This is an established business with an excellent reputation in the area. Sales and profitability have been increasing for the past three years. They have experienced personnel servicing a growing and loyal customer base by offering quality branded gasoline and tire products. They have the expertise and state-of-the-art diagnostic equipment to provide for all types of auto-truck repairs and maintenance. In addition, there is a new beer manufacturing plant being constructed within a couple of blocks from the facility which will employ about 100 people so this will add to the customer base. There are also rumors that oil drilling will begin in an area east and south of town and this will bring additional customers as well.  
   
Owner willing to finance: Cash preferred but will consider substantial owner-financing to a qualified buyer.  
   
Owner willing to train: Yes  
   
Reason for selling: Moving into the oil transport and auto sales business.  
   
Seller Reference Number: CF-0781
BusinessMart.com Listing Number: 218053
 

 

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