MergerPlace

Convenience Store w/ Gas in Sioux Falls

Iowa


  • Asking Price: $1,275,000
  • Gross Income: $2,730,158
  • Cash Flow: Not Disclosed
  • Real Estate: $550,000
  • Inventory: Not Disclosed
  • FF&E: $100,000
  • Listing ID: #201129
  • Established: 1993
  • Employees: 10 PT

Business Description

This turn-key business opportunity is perfect for the individual that would like to take over a successful business in a thriving community. This Convenience Store / Gas Station / Restaurant (Dine-In & Carryout) sees a steady stream of customers all day long. This business is located less than thirty minutes from Sioux Falls and has room to expand. A car wash or storage units could be placed onsite to create additional revenue streams.


Business Details

Primary Business Category: Retail Trade - Gasoline and Service Stations
Location: Iowa

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 PT

Financial Information

Asking Price: $1,275,000
Gross Revenue: $2,730,158
FF&E: $100,000
Real Estate: $550,000
Seller Financing Available: No

Property Information

Facilities:

The roughly 3000 sq ft Convenience Store was built in 1993 with a kitchen remodel a couple years ago. There is adequate parking on the three-quarters of an acre property. The canopy is new within the last year. The Real Estate is included. There is another building on the property that is currently used to generate about $6000 extra income yearly.

Growth & expansion opportunities:

Adding restaurant delivery service could have an outstanding effect on sales. There is land adjacent to the current operation where a car wash or storage units could be located to drive more business and provide additional revenue streams.

Competition:

There is another C-Store nearby, but there is plenty of business to go around. Fuel prices have been kept low to remain competitive, and there is little competition for food for miles. This Convenience Store is on a major thoroughfare and travelers stop here for convenience and simplicity.

Reason for selling:

Sellers wish to retire to pursue unrelated ventures. The sellers will assist a new owner through a transition period to ensure a successful transfer.

Support & Training:

Will train for 4 weeks @ no cost. Full convenience store with pumps for unleaded and diesel. The last three years has seen an average of $2MM in fuel sales annually with $750,000 in average annual inside sales. The full kitchen was remodeled in 2015 and does a lot of dine-in and carry-out business. Delivery is also an option for a new owner. There is also a fantastic selection of chilled beer that many customers seek out.

Contact Business Seller

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Business Listed By:

Josh Grode Wolters

Murphy Business Brokers