Gas Station/C-Store/Deli/Car Wash with Real Estate

Listing Details:

• Business Category:       Gas Station / C- Store
• Price:                                       $449,000
• Gross Revenue:                $1,446,000
• SDE:                                         $148,798
• Seller Financing:              $44,900
• Inventory:                            $50,000 estimate
• FF&E:                                       $95,820 FMV or 30% of Cost
• Employees:                          3 Full Time  3 Part Time
• Location:                               Northern Minnesota
• Non-Compete:                  100 miles for 5 years
• Years Owned:                     18
• Support & Training:        12 weeks
• Reason For Sale:               Retirement

Business Description:

This gas station and convenience store is well located on the main highway and the first option entering town from the South. Business is well maintained and an excellent opportunity for an owner operator or as a part of an independent chain.

• No fuel supplier contract in place
• Annual fuel sales exceed 400,000 gallons.
• New EMV compliant pumps installed six months ago.
• Self-service car wash
• 2018 revenue $1,985,807
• Inside sales three-year average $669,000
• Current revenue rate increasing and returning to pre-Covid levels.

Business History:

Locally owned and managed for eighteen years with an excellent business reputation. Business on same location since 1980.

Growth Potential:

New owner has additional potential to expand the food and deli options.