C Store For Sale With High Volume 001312
This acquisition opportunity is for a high-volume convenience store that offers a range of products and services, including a non-branded gas station, beer and wine, snacks, lotto, cigarettes, money transfer, phone cards, gaming machines, and other minor convenience store items. The business has been operating since the 1970s and was acquired by the current owner in 2011. The store has a loyal customer base, mostly comprised of lower-income Hispanic individuals from the surrounding area and commuters passing through. The store is located in a free-standing building at the intersection of two busy roads that bring in a lot of daily commuter traffic. The store is surrounded by apartments, townhomes, single-family homes, and other businesses, providing ample foot traffic.
The building occupies 2,014 square feet and all equipment is in excellent condition. Approximately 90% of the building space is in use, but there is available space for a small kitchen or check cashing booth for expansion. As with any C-store and gas station, competition is to be expected. However, this business can offer lower gas prices since it uses non-branded gas and can compete with other branded gas stations. Sales have been increasing by 8-10% each year. While marketing could be beneficial, it is not necessary as this business benefits from its prime location, pylon sign, ability to offer lower gas prices to daily commuters, and an established customer base, all of which contribute to its success.
The business is currently being operated by a semi-absentee owner with minimal involvement who handles higher management tasks like bookkeeping, payroll, and inventory. The staff of 5 cashiers includes 1 long-tenured employee who has been working there for over 10 years. If the owner were to become more involved in the business, wage expenses could be significantly reduced, allowing for the full-income potential of the business to be realized. However, even without increased owner involvement, this established C-store with high volume is still a lucrative opportunity for the right buyer.
The owner will provide two weeks of training to enable a smooth transition into the business.
This business occupies a 2,014 SF free-standing building located at the intersection of two busy roads that bring lots of daily commuter traffic. Heavily surrounded by apartments, townhomes, single-family homes, and other businesses that bring ample foot traffic. All of the equipment is in excellent condition.
There are competitors nearby, but this C-store and gas station strongly competes with its prime location, low gas prices, excellent customer service, and maintaining its established customer base.
This business has available space to expand its services to include a small kitchen or check cashing booth.
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
The owner will finance up to $100,000 for inventory and gas.