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BUSINESS FOR SALE - PROFILE #  05221651

Gas/Convenience with Real Estate
Northern Connecticut

Asking Price: $800,000   Down Payment: $800,000  
Gross Revenue: $377,400   Adj. Cash Flow*: $247,584  
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Executive Summary
Gas station/convenience store for sale including real estate, for $800,000, in northern Conecticut. Gas gallonage averages about 55,000 per month at $.32 cents per gallon. Convenience store sales run about $30,000 per month at 35% margin plus cigarette sales of $15,000 per month at 10% margin. Lottery sales average about $20,000 per month with 5% commission of about $1,000 per month. Based on these margins, owner cash flow before depreciation & amortization is close to $250,000 per year. Location of the business is at an intersection of two major state highways. Convenience store is about 700 sq. ft. and can be expanded. There are 10 fueling pumps. Total real estate is about one acre of land. Store inventory of about $25,000 plus any remaining gas inventory in tanks at closing date is in addition to the purchase price. Financial statement showing here includes sales margins only. The payroll figures assume one full time employee for 8 hours per day. New owner would make up the balance of the time, also 8 hours per day, and would be compensated in the cash flow shown. Business is open from 6 am to 10 pm daily.

Acquisition Highlights

  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1975 Inventory: $25,000
Employees: 1 Furniture, Fixtures & Equipment: $10,000 Included
Real Estate: $450,000 Included
Building Sq Ft: 702
    Total Assets Included in Sale: $460,000
 
* 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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