Dec 19, 2019 — Athens, GA Gas Station on the UGA Campus! Huge Potential for Owner-Operator!
Super high margin store! Almost all customers are students and do not care about price when purchasing beer, cigarettes, or groceries. All students care about is the convenient location! Store is located right in front of an apartment complex at 100% occupancy because the complex is adjacent to the UGA campus.
Seller is mostly absentee-operating the store! She spends 10 hours per week bringing inventory, doing paperwork and bank runs. Huge potential for an owner-operator!
Inside sales are on average $42,000 per month! The school year does nearly $60,000 per month and the summertime does approximately $30,000 inside. Outside sales are 15,500 gallons per month at 25 cent margin per gallon! Seller generates $25,000 per year in student parking at the gas station!
No COAM Contract if buyer wants to shop for a new master licensee! Seller stopped game machines and lottery because she did not want to deal with employees mishandling and being negligent.
Seller has had the store for 10 years since 2009! Seller has children to take care of and needs to lessen her workload.
Upgraded pumps! Jobber contract is Rack+1 with Jones Petroleum with only 3 years remaining! No Jobber deposit for the buyer with the right credit.
Rent is $5,200 NNN with the lease expiring in 2028! Rental increase is based on the Consumer Price Index (CPI) and increased by 2.4% for 2018 and 2.1% for 2017, and 1.3% in 2016. No security deposit required.
Walking distance to UGA which is the largest university in Georgia and has a total enrollment of over 38,000 students.
Less than a mile away from the Sanford Stadium, the on-campus playing venue for football at the University of Georgia.
3 apartment complexes totaling 437 units located within walking distance to the store! Several of the region’s largest employers are located near the property, including University of Georgia (10,741 employees), Piedmont Athens Regional Medical Center (over 3,300 employees), and St. Mary’s Health Care System (about 2,100 employees).
Total population within a 5-mile radius is about 110,000! Traffic count is over 21,000 vehicles per day!
Asking Price: $145,000 + inventory! Inventory is approximately $50,000.