Newly acquired non-branded gas station (semi-absentee) where a super-sized convenience store has been added. Station sells 122k gallons gas/diesel monthly. Many facets here, convenience, pizza, lottery, U-Haul, apartment rental, air, ATM and ice. Owner wants $650k all cash for business or $2,850,000 with $1,800,000 down for property/business, 3 tanks, 12k regular, 10k super, 12k diesel. Tanks 6 years old, double wall steel will last 60 years, adjacent property for sale (too high). All facets are revenue positive. U-Haul $29,496, Air $5,760, Lottery $9876, ATM$ 6,410, Apt rental $14,400, plus when rented Pizza shop. Station has 2 major accounts, fleet account that has 11 companies that fill up their trucks with diesel, 2nd account auto dealer with 14k cars that fill up with regular/super. At present, daily sales 1,760 gallons at 18 cents, Super 700 gallons at 64 cents, plus 350 gallons at 55 cents a gallon, Diesel 1,550 at 42 cents a gallon. 10 parking spaces for convenience store. Ever since store setup all parts have shown increases. Station has 2 main islands, 4 pumping stations under huge canopy, outside kiosk to work from. New owner can catapult profits by converting pizza place area into a new tire center area calls for this type of business. Real estate taxes $21,540. If property and business were purchased profit would be 450,006. Installing tire shop could increase sales by over 400k. That would be the way to go.

Posted Aug 18, 2016

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