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Busy Corner Gas Station
Location Maryland,United States
Asking Price Range < $250K
Gross Revenues $4396728
Net Profit / Cash Flow $91389
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1986
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description This major brand gas station has high visibility and great signage on a busy half acre corner in a concentrated residential suburban working class community adjacent to Baltimore city. There are only three other gas stations within a one mile radius. The station sells 75,000 gallons of gas per month and 2,000 gallons of diesel per month at a total pool margin of 12 cents. The three like new pumps were installed three years ago. The property owner installed all new underground fuel lines from the tanks to the pumps in June 2012. The business owner maintenance responsibility is hanging hardware only. The small well lit Convenience Store is always busy; it generates $55,000 Sales/Month, broken down by volume and margin: 56% cigarettes at 12.5%, 38% groceries at 35%; and 6% phone cards at 15%. Overall, purchases are 55 percent credit and 45 percent cash. Other income is produced by Maryland Lottery ($500/Month), ATM ($800/Month), and Air/Vacuum ($300/Month). The business owner currently rents out the two spacious service bays for $2500/Month to ASE certified mechanics. This is a 24/7 operation. The area is well policed. There have been no robberies or acts of vandalism. The owner works four six hour shifts per week, to maintain proper supervision. Working much less than full time, the Owners Net profit / Cash Flow is a firm $7500 per month. Business trends have been positive since the current owner took over in April 2011. The new owner could double this healthy cash flow by running the service bay repair operation as a business profit center instead of renting out the bays. Typical service shop profit margins are 50 percent. Partial retirement forces the ownership to reconfigure business activities. All revenues are accounted and financials are easily verifiable. These are firm numbers. Profitability is tracked daily.
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