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BUSINESS FOR SALE - PROFILE #  05221599

High Volume Gas w/Convenience Store
Southern Connecticut

Asking Price: $359,000   Down Payment: $359,000  
Gross Revenue: $453,000   Adj. Cash Flow*: $99,348  
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Executive Summary
This gas station with convenience store generates sales of about 100,000 gallons per month @ $.14 per gallon and convenience store sales of about $65,000 per month @ about 30% gross margin. It is located just off interstate I-95 and has a fully equipped food service area for a take-out deli or other fast food business which is presently not being operated. In the past, this area of about 300 sq. ft. has produced sales in excess of $1,000 per day. Marginal income on deli sales should be in the 35% range on sales at a minimum. This would be $350 per day or $1,750 per week for a five-day week or $87,500 per year additional profit to the owner and should be added to the figures showing here. Lottery sales run in the range of $70,000 per month at about 5% commission but lottery was discontinued in 2007 by the owner for personal reasons . This lottery commission of roughly $3,500 per month or $42,000 per year, should also be added to the figures showing here. So, by adding the lottery income and the deli income, total annual pretax income will be in the $150,000 range. Rent, including real estate taxes and common area maintenance, is $12,300 per month. Landlord is a major national oil company. Inventory averages about $70,000 and is not included in the purchase price.

Acquisition Highlights

  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1980 Inventory: $70,000
Employees: 4 PT Furniture, Fixtures & Equipment: $30,000 Included
Lease/Rent: $12,300 Real Estate:
Building Sq Ft: 1,200
    Total Assets Included in Sale: $30,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Bob Capozzi
Phone:  (203) 878-0554
E-mail:  venture.grp.prtnrs@snet.net
VR Business Brokers - Milford, CT
99 Cherry Street
Milford, CT 06460-3455
The above company and/or agent is a licensed real estate broker/and or a business broker.
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