Gas / C - Store / Car Wash
Location Minnesota,United States
Asking Price Range < $250K
Gross Revenues $2652266
Net Profit / Cash Flow $2317813
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1900
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Retirement.
Description This well established convenience store / gas station / car wash / auto repair has serviced their community for over 100 years. Ideally located on a busy street, it has just been converted from a Conoco to unbranded as of April of 2007. This allows a new owner the option to stay unbranded or change to a branding of their choice. The gasoline service islands have six multiple product dispensers (MPDs) (includes 2 tanks) allowing twelve vehicles to fuel at once. They supply ''''A87 octane unleaded with a 10,000 gallon tank; a 10,000 gallon split tank, which holds 4,000 gallons of diesel and the other 6,000 gallons of '92 octane. All of the tanks are new and fiberglass (no steel) and have electronic overfill and leak protection. Pay at the pump service is open 24/7.
The convenience store and car wash area is approx 4300 square feet and offers groceries, snacks, pop, cigarettes, ATM, and lottery. The car wash is in an unattached building next to the c-store/auto repair building. Overall, the property is in very good condition. The wash facility is totally updated and there is virtually no deferred maintenance. The Business and Real Estate are both being offered in the sale. Business = $250,000 (includes inventory). Real Estate = $730,000 (or appraised value, whichever is greater).
The auto repair facility offers 3 bays. 2 of which have in ground lifts, and 1 has an above ground lift. This business is located across the street from a newly developed river front condo and business development section. Also being located between 2 popular colleges is very advantageous. As with the economy of Minnesota in general, this area is experiencing sustained growth and vitality. Please email or call
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