Bank Owned Gas Station For Sale
Location Michigan,United States
Asking Price Range $250K - $500K
Gross Revenues $1000000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1960
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Bank owned foreclosure.
Description Outstanding opportunity to purchase a bank-owned station in Kentwood, MI with a beer and wine license. Station is currently closed. Historical, verifiable history illustrates annual inside sales of $1,000,000+ and annual gasoline sales of 1,000,000+ gallons. Station has been at the same location for 50 years and is the only station on S. Division avenue from downtown Grand Rapids, MI to Wayland, MI. Approximately 25 miles that has a beer and wine license. Bank will finance purchase price of $375,000 plus replacement of existing underground storage tanks, POS and building remodel for a qualified buyer with 25% down. Call Jerry Towner at 817-789-7109 today to obtain additional details and arrange to preview the location.
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