Monterey Area Convenience Store Gas Station For Sale

Business description

This is a convenience store & gas station on a very busy main street just a few blocks from the bay. Nearby are a grand hotel, several motels, and a major tourist destination. The station is branded independent with few competitors around. The business has a type 20 Off-sale Wine & Beer license and also sells snacks, chips, soda & beer & wine, hardware tools, and auto parts. Sales are also made to visitors and tourists- from flip flops to sand pails. The mini-mart inventory, not included in the sales price is approximately $55,000.. The building is 2385 SF on a 0.49 acre lot. There is a 13-door beverage walk-in cooler and a spacious office. The business is owner operated in the daytime with an employee covering evening shift and weekends. In 2010, revenue averaged $36,000/month for the mini-mart. The gas station has 1 island, 2 multi-fuel dispensers, & two 7,500 gallon underground tanks. All the equipment has been updated to meet current EVR codes. Rent is $3627/month +NNN. There is an option to buy the real estate. Here is a chance to work and play in one of the most beautiful coastal locations. Please do not talk to the employees. The sale is confidential.

Please click on the Contact Seller button below for further information.

Property information

Real Estate:

Lease

Lease terms:

$3267/mo plus $800 NNN
Rent increase 5% every 5 years
Lease Expire 12/31/2016
10 year option

Leasehold rent:

$53,125 per annum

Location:

On a very busy main shopping street, close to a major tourist destination.

Premises details:

The building is 2385 SF on a 0.49 acre lot. Generous parking. There is a 13-door beverage walk-in cooler & a spacious office. Gas station has 1 island, 2 multi-fuel dispensers, & two 7,500 gallon underground tanks. All the equipment has been updated to meet current EVR codes. Lease $3627/MO Expires 12/31/2016 10 yr option

Size in square feet:

2385 SF on a 0.49 acre lot

Other information

Support & training:

2 Weeks, 20 Hours Per Week

Trading hours:

Sun-Thur 7-11 pm; Fri 7-Midnight; Sat 8-Midnight

Financing available:

$300,000 down
Owner Finance $75,000 @ 7% for 36 mon

Inventory / Stock value:

$55,000

Related documents:

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• NON DISCLOSURE AGREEMENT