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Business Sales & Acquisitions

Gas Station C-Store and Deli

Price: $399,000

Location: Dutchess, New York

Industry: Transportation and Storage

Listing ID: 00189

This is a professionally built Branded Gas Station with 3 pumps and 3 brand new underground tanks. New Canopy. All up to code. All gas grades and diesel are offered. Easy in, Easy out. The owner converted the service bays into a a large convenience store and a fully equipped Deli. Lotto Sales, Beer, Hot beverages, Cigarettes and general merchandise are offered. The station is located on the main Street in a nice desirable town in Duchess county along the Hudson River north of Poughkeepsie. Gas Sales average 60,000 Gallons per month and the Convenience Store currently sales $ 60,000 per month. Owner ran the store himself in the past achieving much better sales volumes. Owner is off location but strongly believes that stable management, friendly to the community will create much higher gas and merchandise sales. The lease is for 45 additional years with modest increases. Landlord is local.

Listing Details

Down Payment: $250,000

Gross Revenue: $2,060,000

Cash Flow: $160,000

FFE: $200,000 (Included in Price)

Inventory: $50,000

Reason For Sale:

Seller owns other gas stations and locations - Weak management in this specific location.

Training & Support:

Seller will train and provide for a smooth transition.

Operation

Year Established: 1970

Year of Last Acquisition: 2015

Days & Hours of Operation: 7

Owner Hours Per Week: 1

Non-Owner Payroll: $2,200

Employees: 5

Absentee Owner?: Yes

Location

Security on Lease: 13000

Monthly Rent: $ 13,000

Type of Location: Stand Alone

Square Footage: 1500

Facilities Information:

Recently renovated -Beautiful Gas Station.

Recently renovated - Beautiful Convenience Store.

Recently Built -Beautiful Deli.

Summary

Historical Summary:

Well known location on main street in town known for competitive gas prices.

Owner Qualifications:

Be ready to work hard to improve current results of this ready to go beautiful location.

Competition:

2 other gas station are in the neighborhood.

Potential Growth:

Seller believed that a good operator will double the sales.

Financing/Terms:

Seller is willing to finance a part of the purchase price.