Office ID: #001072
Prime location c-store and franchise sandwich shop package deal is available for acquisition. C-store was established by the owner of the business in early 2012 and later built the franchise sandwich store in late 2014. Competition is to be expected for any c-store, but this gas station is backed by the largest oil company in the world and provides excellent gas pricing that competes with local pricing. Realistically this franchise sandwich store should expect competition, but this will not pose any issues as this business is the only one in the area that is combined with a c-store making it extremely convenient for customers needing gas or grabbing a bite to eat. Additionally, the drive-thru that the sandwich store provides makes it even more convenient for individuals to fuel up their car and easily go through the drive-thru instead on walking in. Majority of the customers for both stores are Caucasian individuals from the nearby neighborhoods and any individual driving past the intersection. Both businesses synergize very well since individuals getting gas would get something light to eat and vice-versa individuals getting a meal would fuel their cars since it's convenient. Sales are $35,000/month in-store and $1,000/month guaranteed commission from outside gasoline sales for the c-store. Franchise sandwich shop generates $36,000/month with an expected growth after proactive marketing and involvement from the owner. Adding weekly deals that work hand-in-hand for both businesses can be quite beneficial for in-store sales and drive-thru sales. In October 2016, the landlord of this location invested $200,000 in the most recent top-of-line gas pumps to increase sales and stay ahead of its competitors by huge margins. Later in 2018, the current owner has upgraded both c-store and sandwich shop. Products provided by the franchise sandwich shop are premium specialty sandwiches that uses varieties of ingredients such as bacon, grilled cheese, Sicilian style meat, Tuscan Style Sandwich, chicken, smoked cheese, beef, turkey clubs, and premium angus beef. These businesses can easily provide great cash flow at the expense of owner involvement once this business is acquired by the right buyer.
The 1,550 SF franchise sandwich shop is located beside the c-store and provides extra customers to this 1,897 SF prime location c-store that also works vice-versa. All equipment is state-of-the-art and is in impeccable condition. The gas station is featured with 12 top of line gas pumps.
The prime location of this business provides very effective marketing, but using enticing promotions inside the store will lead to a huge increase in in-store sales and the franchise sandwich store. Combined promotions for both stores could work to increase sales through synergy of daily deals/weekly deals. Proactive involvement of the owner will also benefit the business quite tremendously. Also the owner will make commission from gas sales without the worry of credit card fee, outside gas maintenance, and inside POS System (Landlord will take care of these) which is currently at $0.03 per gallon commission. This will motivate the owner to put more effort in gas sales to bring in more traffic to this c-store.
As this business is a c-store w/gas, competition is not avoidable but this gas station is backed by the largest oil company in the world and provides one of the most competitive gases pricing in the area. Competition for the sandwich store is also expected, but there shouldn't be any issue due to the convenience of a combined gas station and sandwich store that provides all needs to any individual.
Owner will provide a training period of 2 weeks for a smooth transition into the business. For franchise sandwich store, training will take place locally for several weeks.