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.