Brand Name Gas Station C-store For Sale

Business description

This well-established Brand Name Gas Station/ Convenience store Netting $220,000/yr. (In addition to $3,500/mo. Rental income also $250/mo. ATM commission.) The station is conveniently located on a main busy intersection with an easy access and an affluent neighborhood in city of Burbank with NO other competition within over a half a mile. The franchise fee has been paid off and rebranding it is an option. The pumps, nozzles (EVR VEETER ROOT) with double-wall fiberglass tanks have all been upgraded in June 2008 and are in compliance. (Phase1 completed in 2006).The station includes 2 islands covered by a canopy with 6 dispensers and 12 pumps including DIESEL station that run underground piping. The business pumps approximately 90,000 gallons per month at 20 cents per gallon profit margin. The C-store is 1,100 sq. ft. bldg. on 15,000 sq. ft. of LOT and has been newly remodeled including a new POS register system. The c-store does approximately $800 daily gross sales with a profit margin of 45% on average. There are no environmental Issues; no litigation or lawsuit and NO road work. 10 years lease in place with a great landlord. The seller's willingness to FINANCE 50% of the purchase price for the RIGHT buyer is also a plus!!! Great sets of books and record.

This is a confidential listing. For more information, regarding this listing please contact us by completing the "Contact the Seller" form on this add, to schedule an appointment for more information about this opportunity. We look forward to hearing from you!

Property information

Real Estate:

Lease

Lease terms:

Lease Expiration: 2017
Lease Options: 5 yrs.’ (Negotiable)

Leasehold rent:

$8,300 per annum

Location:

located on a main busy intersection with an easy access and an affluent neighborhood in city of Burbank

Premises details:

Bldg. Size: 1000 sq. ft.
Land Size: 14,000 sq. ft.

Size in square feet:

14,000 sq. ft. LOT size

Other information

Support & training:

3 wks. 30 hrs. /Wk.

Reasons for selling:

Other venture

Trading hours:

7 Days 6:00AM - 12:00PM

Financing available:

50% Down

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$80,000 (included in the asking price)