MergerPlace

Convenience Store with Gas

South Carolina


  • Asking Price: $319,900
  • Gross Income: $381,657
  • Cash Flow: $56,111
  • Real Estate: $300,000
  • Inventory: $3,000
  • FF&E: $2,000
  • Listing ID: #210830
  • Established: 1993
  • Employees:

Business Description

Convenience store with gas and grill. Most of the revenue is derived from the convenience store. The store is located along a highway that connects two major interstates. The nearest convenience store is approximately 8 miles. The owner is to prove revenue and profit to the buyer.


Business Details

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

Company Information

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

Financial Information

Asking Price: $319,900
Gross Revenue: $381,657
Cash Flow: $56,111
FF&E: $2,000
Inventory: $3,000
Real Estate: $300,000
Seller Financing Available: No

Property Information

Facilities:

The facility is located on approximately 1.06 acres with an additional 0.68 acres adjacent to the store that comes with the sale. There is one gas pump. The convenience store is approximately 2,000 square ft. In addition to the walk-in cooler there is a kitchen area with all appliances needed to support the grill.

Growth & expansion opportunities:

Because the store is run by a husband and wife it has limited hours. They close each evening at 7:30 pm and are closed on Sunday. They do not take EBT which would enhance the purchasing power of their customer base. The store carries a limited selection of products. There is only one pump that needs updating. Their merchandise is purchased from a wholesale club so the margins are limited.

Competition:

The nearest convenience store is approximately 8 miles.

Reason for selling:

Business owner wants to retire.

Support & Training:

Will train for 4 weeks @ $0 cost. The business, including gas, grill and convenience store has gross revenue of approximately $382,000. Approximately 11% is gas, 3% lottery and the rest is the convenience store and deli. The deli accounts for a small portion. The sales are primarily beer, cigarettes, bread and milk. The owner is to prove revenue and profit to the buyer.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

David Smith

Murphy Business Brokers