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Advert Ref: 703-1022

Absentee Operated C-Store For Sale

Details: Asking price:$1,500,000; Sales revenue:$10,547,095; Net profit:$329,261; Fixtures value:$400,000; Inventory value:$200,000

Business description: Established in 1989, this busy and popular store has been run absentee for 20 years. The parent company has decided to focus on its non-store core business, and has elected to divest their single convenience store operation. Through the first 9 months of 2008 this business has grossed $7,910,322 with a corresponding net cash flow of $246,946 in 9 months, excluding additional rebate consideration received annually! The FFE and inventory amounts are approximate. The real property is based on an appraisal done last year. This would make a great store for an individual/family or a multi-store operator. A c-store with this revenue and assets is a rare find – don’t pass this up! Above sales and cash-flow are annualized based on the store's performance through the first 9 months of 2008.

General information: Years established:20; Employees: 3 FT, 12 PT; Trading hours: 7 days per week 5am-11pm; Real Estate: Real Property Included; Expansion potential:This is a gold mine for an experienced convenience store operator. The parent company (owner) has not maintained the proper focus on the c-store operation since it is not part of their core business. For an owner/operator or multi-store operator that can devote more management focus on the business, there is tremendous upside. The c-store is not tied down to a lengthy fuel contract.; Competition / Market:This operation is one of the largest c-stores in a multi-county area.; Support & training:Manager is expected to stay on with sale of business.; Reasons for selling:The business is owned by a larger corporation that wishes to divest their interest in convenience store operations and focus on their core business.; Financing available?Candidate for SBA financing.