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Branded Gas, C - Store And Restaurant For Sale
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $471000
Net Profit / Cash Flow $45300
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2011
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes, training will be provided.
Reason for Sale Business is for sale due to personal reason.
Description A branded gas, convenience store and restaurant on corner of busy intersection is for sale. Canopy over pumps and clean, attractive appearance inside and out. Well maintained and very attractively merchandised including good variety of beer and wine this business has large walk incooler and plenty of storage. Compact commercial kitchen does a steady business serving good food at a good value, eat in or take out.
It is in high residential density as it is surrounded by several thousand apartments providing steady flow of repeat customers,commuters and walk in traffic. In 2008 this store was doing about $60,000 a month gross. Due to owner/manager difficulties sales dropped to about $15,000 a month. This new team purchased the store about one year ago. Applying capital, hard work and careful management they have doubled monthly gross to approximately $35,000. The opportunity for much higher monthly gross could be reasonably assumed from it's high in 2008 and the dramatic increase it has made in just one year. Monthly volume has doubled in just one year. Sixteen years left on current lease. Turn key condition ready for new owner. Purchase an income and start making money from day one. $165,000 plus inventory. Rent/security deposit $14,000. Financial provided at meeting with seller and Letter of Intent.
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