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Spectacular Highway Rest Stop
Location Virginia,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $5000000
Net Profit / Cash Flow $520000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1960
Number of Employees 35 - 49
Inventory 200000
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Training As needed
Reason for Sale Personal
Description Spectacular Highway Rest Stop! Located on a major thoroughfare, this massive fuel and convenience store has been servicing this area and tourists for over 40 years. Contained within the complex is a large family style restaurant along with gifts and specialty items to satisfy every need. Known for years by tourists and travelers, this site is a major travel stop and destination. The restaurant located at the complex operates year round offering family style meals from breakfast to lunch, through enticing dinner choices. Entirely unique in character and size the facility has something for everyone. The fuel is branded and includes a convenient diesel pump area for ease of operation for big rigs. The convenience store combines the restaurant under one large roof spanning some 10,000 square feet, and offers the entire range of supplies a traveler will need including the common snacks, candy, beer, wine, grocery, etc. Gasoline sales volume exceeds 40,000 gallons per month for an annual revenue from fuel at $1,700,000. The restaurant generates $1,575,000 in annual revenue. The convenience store including gifts and merchandize tops $1,425,000 annually, and lottery exceeds $300,000. In total the business generates 5 million dollars in annual sales. The owners are motivated to sell as they are facing some personal challenges and find that a sale is the most appropriate course of action at this time. For more information call Frank Chebalo, Advanced Business Brokerage, at 757-478-8346, or email.
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