Richs Gas & Service Station In South Dakota For Sale

Business description

Business is comprised of service station, bulk delivery of fuel and limited convenience store. The business was established in 1964, it was purchased by the current owners in 1993. Updates include 24-hour unattended self-service pumps and upgraded tanks and monitors to meet EPA regulations. Current offerings include a wide variety of petroleum products and light mechanical services including auto repair, tires, batteries, oil changes, starter and alternator services. Great business opportunity for an experienced mechanic due to limited competition for service work. Upside potential includes developing service station with additional convenience store items. Current business hours are 7:00 AM to 5:30 PM, five days per week.

Property information

Real Estate:

Real Property Included

Location:

Located in a commercial area inside the city limits (population 1,164) of the county seat. Location provides easy access and high visibility. Equipment includes two hoists, air compressor, tire machine, wheel balancer, propane filling station, chop saw, air rachets and waste oil furnace. Lot 1: C-store/shop/two storage warehouses. Lot 2: above-ground fuel storage tanks and storage building.

Business Operation

Expansion potential:

Business has potential for growth through additional service work and development of the convenience store to bring in new customers.

Competition / Market:

Limited competition-business is sole provider of bulk fuels. Loyal customer base for services and delivery of petroleum products.

Reasons for selling:

Owners want to move closer to children

Trading hours:

Mon-Fri 7am-5:30pm

Employees:

2FT

Years established:

45

Other information

Support & training:

Will train for 1 week @ no cost

Furniture / Fixtures value:

$20,000 (included in the asking price)

Inventory / Stock value:

$30,000 (included in the asking price)