High Volume C-Store Price Reduced For Sale

Business description

Established in 1989, this busy and popular store has been run absentee for 20 years. The parent company has decided to focus on its non-store core business, and has elected to divest their single convenience store operation. Through the first 11 months of 2008 this business has grossed $9,311,484 with a corresponding net cash flow of $375,976 in 11 months, excluding additional rebate consideration received annually! The FFE and inventory amounts are approximate. The real property is based on an appraisal done last year. This would make a great store for an individual/family or a multi-store operator. A c-store with this revenue and assets is a rare find – don’t pass this up! Above sales and cash-flow are annualized based on the store's performance through the first 11 months of 2008.

Property information

Real Estate:

Real Property Included

Other information

Expansion potential:

This is a gold mine for an experienced convenience store operator. The parent company (owner) has not maintained the proper focus on the c-store operation since it is not part of their core business. For an owner/operator or multi-store operator that can devote more management focus on the business, there is tremendous upside. The c-store is not tied down to a lengthy fuel contract.

Competition / Market:

This operation is one of the largest c-stores in a multi-county area.

Support & training:

Manager is expected to stay on with sale of business.

Reasons for selling:

The business is owned by a larger corporation that wishes to divest their interest in convenience store operations and focus on their core business.

Trading hours:

7 days per week 5am-11pm

Financing available:

Candidate for SBA financing.

Furniture / Fixtures value:

$400,000 (included in the asking price)

Inventory / Stock value:

$200,000