Gas Station And Convenience Store In Nassau Bahamas For Sale

Business description

This gas station runs with little assistance from the owner who is selling for personal reasons and offering reasonable payment terms. Despite a depressed economy, the business is growing and profitability is trending up. There are two shareholders owning 70% and 30% respectively. The price is for 100% of the share capital on the assumption that the current and long term liabilities will be cleared or the buyer has the option to assume the liabilities and deduct from the price. The buyer may acquire the majority shareholder’s equity on pro rata terms instead of acquiring 100% of the shares.

At present the operation sells about 95,000 gallons of gasoline per month and is operating at about 70% of capacity. There is a convenience store that also has a liquor license.

Property information

Real Estate:

Real Property Included

Location:

The gas station is located in a prime location on the island of New Providence in Nassau, Bahamas.

Premises details:

Front display area, private office, cashier’s area with storage room, bathroom, mechanical closet. Enclosed area - 2,590 sq ft. Rear covered entrance - 97 sq ft. Covered walkways - 178 sq ft. Fueling dock - 77 sq ft. Full appraisal available on request.

Size in square feet:

2,590

Business Operation

Expansion potential:

The present owner has other commitments and has not capitalized on the full potential. Apart from ancillary sales, fuel revenues are estimated at about 70% of realistic potential.

Competition / Market:

There are no gas stations in the local vicinity.

Reasons for selling:

The owner has other business commitments.

Trading hours:

Mon-Sat 7am - 11pm
Sun 7am - 9pm

Employees:

16

Years established:

10

Other information

Support & training:

Training will be provided for a reasonable handover period.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

A deposit of $937,500 is required and the balance payable over 36 months on normal commercial terms.

Furniture / Fixtures value:

$249,500 (included in the asking price)

Inventory / Stock value:

$312,506 (included in the asking price)

Related documents:

• 
• Confidentiality Agreement