Major Branded Gas Station in High Traffic Location For Sale

Business description

Major branded station location right off highway in heart of Rhode Island's leading retail area. Approximately 1 million gallons per year. Real estate appraised at $1.2 million and included in $1.5 million (via licensed realtor). Margins average $.12-.13 for self service and $.15 for full service. Two service bay garage generates $8,000 per month @50% margins. C store averages $22,000 per month (25% cigarettes at $.75 per pack margins and balance of groceries and drinks at 33% average margins). Brand will rebate $.03/gallon if 2008 volumes are at least 95% of 2007.

Property information

Real Estate:

Lease

Lease terms:

Rent is $5,100 per month with an option to renew.

Location:

Major branded station location right off highway in heart of Rhode Island's leading retail area.

Other information

Expansion potential:

Increase profits by converting to an owner-operator structure.

Support & training:

As required for a smooth transition

Reasons for selling:

Focus on other food related business

Financing available:

No

Furniture / Fixtures value:

$22,000 (included in the asking price)

Inventory / Stock value:

$8,000 (included in the asking price)