5 days ago — Price to Lease $40000/- with triple net lease of $4000/- with property tax or
Purchase business with Property $599000/- having bank appraisal of approx. $500,000/- in Oct 2017.
Well established business since 2006 Newly renovated Unbranded gas station with convenience store (3500 sq. Ft. Approx.), U-haul Dealership, Chester Chicken franchise and 2 bedroom legal spacious apartment with Kitchen, Laundry room (provides net saving of $1300/-per month) in very safe town looking for new owner.
Certain conditions apply for Franchise equipments i.e. food equipment lease of $300/- per month and promotional advt fees of $175/- per quarter which includes promotional signs and banners for doors, windows, over the counter signs and pump and pole outside signs worth over $1000/-.
Business with property can also sold for the price of $599,000/- which include all FFE over $295000,- approx., over $50,000/- store renovation i.e. new front door, new windows, newly renovated apartment, plus Chester Fried Chicken Franchise having food equipment and setup over $100,000/- worth.
Seller/Private financing may be available for qualified clients with 25-30% down with good credit clients.
The unbranded gas station used to pump on average over 15,000 gallons a month with an average profit margin of $0.15 per gallon on gas and $0.25 per gallon on diesel. Convenience store's sales averages was used to be $28,000.00 a month with a 33% profit margin including the Chester Fried Chicken. Note:- 1. Lottery/Lotto/Gaming machines provided net $3600/- approx., plus $300/- ATM and U-haul provides net $200/- approx. net income per month etc.
So Total net fixed income is over $4000/- approx. and total rent is $4000/- only with property tax included plus franchise equipment lease $300/- per month
3. Apartment can save over $1300/- per month saving or can also be rented to employee for $700/- each including utilities as these will be covered by business.
Owner moved out due to family issues and running the business under absentee i.e. operating chicken franchise just to keep the business going on I.e. without promotions, advt. etc. but there is 100% scope to build and increase the sale with over 60% profit margin.
This profitable and well established 30 year old family owned business is located in a beautiful small rural town with big old age homes and near a Penn State University campus as well as the Penn National Golf club. A community center and big state playground is located at the back of building for summer and winter games as well as social activities (i.e. antique car show, ox roast festival, garage sales, fair festival, etc.) and winter camping.
Near to all amenities i.e. day care center, elementary school, dollar store 1/2 to 1 mile. Walmart, Lowe's, Grocery stores approx. 4 to 5 miles.
This business has dedicated customers who have been patrons for years. Aside from that, this is the only Chester Fried Chicken franchise with in 50 miles, the only grocery store within five miles, and the only diesel pump within 5 miles on one side and 10 miles on other side town.
Adding Soft Ice cream parlor, deli, breakfast, and cold meat products along with hot foods can potentially increase sales by 40%. All equipments with set up is available.