Last Revised: 11/14/19. Posting #: 10249175
Key Words: gas station, market, mart, convenience, contra costa, absentee
Financial Info: Price: $1,450,000 for business and real estate. Last year, the store grossed $900K+- and netted close to $175K. The liquor/market averages $65K/month, gas pumps about 20K gallons/month. at .50 cents/gallons. Part of owner's net income is $4,500/month rent that he pays himself. Manager: $3,500/month.
Profile: What a combination. A dream come true. Liquor, Gas and Market, the best 3 retail combo you can get. Here is a well established business, a former Circle K unit, now independent. The current owner is retiring and selling out.
Last year the store did a gross of $900K+- and netted him close to $175K. The liquor/market does average $65K/month and the gas pumps about 20K gallons/month at .50 cents/gallon. There are 2 Double wall tanks, and room to add 2 more pumps to those tanks. The store is 2,400 sq. ft. There is room to add a deli or pizza or other hot food for a boost in income in this store. The owner is running this location absentee and pays a manager $3,500/month for payroll. Part of owners net income is $4,500/month rent that he pays himself. If this sounds like you, either absentee or owner/operator, then call me right now.
Priced at only $1,450,000 for business and real estate. Low entry investment into the gas and market business.
There is room to add 2 more pumps to the 2 fiberglass double wall underground tanks to really boost the gas sales.
Plu,s if you go from independent to Branded gas, you will get a huge boost in gasoline sales, pushing the profits way up.
And the owner said that because of only 2 pumps for gas, many banks don't want to finance.
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Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
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