Very profitable branded gas station and convenience store for sale with land. Well managed by owner who will cooperate for smooth transition & will help with financing. Located in good & growing part of P.G. County. Possibility to add car wash in the future. Owner is absentee.
Owner financing with low interest rate available.
Lot size: 30,287 SF
Land assessment value: $911,000
Current Ownership: Since yr. 2000.
Gross Sales: c-store: $35,000-$45,000/mo.
Other Income: Gas: $18,200/mo. NET (130,000/mo. gallons x 14 cents/gallon margin)
Lottery: $10,120/mo. NET
ATM: $900/mo. NET
Phone: $100/mo. NET
Vacuum Cleaner: $300/mo. NET
Cigarette Display: $200/mo. NET
Soda Company Rebates: $190/mo. NET
Other Income Total: $30,010/mo.
Total Gross Income: $75,010/mo.
Payroll: $8,160/mo. (34 hrs. x 8 x 30)
COGS: at 70% is $31,500 (c-store)
Water: $100/mo. Phone: $100/mo.
Credit Card Fees: $4,000/mo.
Advertisement by Sunoco $650, tank insur.$65, bldg. Insur.$150, trash $180,
Real Estate Taxes: $982/mo.
Accounting: $200/mo. Maintenance $333
Royalty Fee: at 4% is $1,200/mo. (based on only $30,000 out of $45,000 worth of c-store sales excluding cigarettes, phone cards, minor novelty items)
Total Expenses: $49,620/mo.
Estimated Cash Flow: $25,390/mo.
This is a great area to add check cashing, liquor store cross street is doing $500,000
A year, the deli can be reopened within the store. Car wash will do fantastic, the one behind this station is doing $120,000 a month.