Hot Springs Arkansas Convenience Store And Gas Station For Sale

Business description

Now is the time to buy this recently remodeled convenience store/gas station as heavy tourist season begins in May.
2011 sales averaged 32,000 gallons/mo and $63,800 inside sales/mo. while ramping up from Nov 2010 reopening.
[Note: Jan 2012 sales are up 50% over Jan 2011.]
Ideal location on major highway in lake resort area with approximately 500 feet of highway frontage.
2011 remodeling includes interior renovation, new signs, new credit card/passport system at pumps, new remote video security system and upgraded deli area.
Owner has been absentee. New owner could immediately improve performance of the location.

Property information

Real Estate:

Real Property Included

Location:

Located on 3.4 acres with 6 tanks and a 4000 square foot building with c-store and studio apartment. Approximately 800 sq ft is currently vacant (previously a video store) and could be sublet or used to expand convenience store. Also includes a 3 bay self-serve carwash.

Size in square feet:

4,000

Business Operation

Expansion potential:

Absentee owner has devoted the money but not the time to building the business. 800 square feet of finished out building is currently unused and available for c-store expansion or sub-letting. Additional acreage could be used for another business, e.g., expand existing carwash, mini-storages, etc.

Competition / Market:

Excellent location on a major highway. Limited competition

Reasons for selling:

Career Change

Employees:

FT:3

Years established:

1975

Other information

Support & training:

Owner available for 30 days training/transition assistance post close.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$30,000