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Gas Station With Convenience Store
Location Iowa,United States
Asking Price Range < $250K
Gross Revenues $1255000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1972
Number of Employees 1 - 3
Inventory 164300
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training
Reason for Sale Retirement
Description Business Summary:
A well-established BP gas station serving Des Moines for 40 years. In addition to fuel, the station offers auto repair, towing service, a car wash, convenience store, and propane. Three underground tanks provide multiple fuel options for customers and BPs proprietary Invigorate gasoline. Auto repair labor sales are nearly $100,000 a year and propane generates a 75% gross margin. The convenience store sells beer, cigarettes, grocery, fountain drinks and coffee. All equipment and non-gas inventory is included in the sale price. Landlord has agreed to a generous 36% reduction in rent on a long-term lease!
Opportunities:
The biggest opportunity is in the convenience store. Additional space is available to expand that area, which currently generates nearly $60,000 in sales and is very high margin. The station is open only 12 hours a day Monday through Saturday and nine hours on Sunday. Increased hours would add to fuel, convenience and service revenue. Three grades of unleaded gasoline are offered at the pumps (averaging over 400,000 gallons a year) but diesel fuel could be added for another income stream.
Organization & Staff:
Hours are 8 a.m. - 8 p.m. Monday-Saturday, 9 a.m. - 6 p.m. on Sunday. Two full-time and one part-time employee.
Location and Facilities:
The main building is 2,078 square feet and features two hoists, auto repair equipment and convenience area. A laser car wash, air compressor, and propane tank are also on the properly along with a storage shed. A large lighted canopy covers eight pumping stations. Located in a high traffic area along two major routes. Average daily traffic count over 20,000 vehicles. Large retail complex in the area.
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