High margin gas station and convenience store with real estate. Third party food related tenant. Located one minute off major interstate highway near the Massachusetts border. Next to government building. Thirty years of success.
This is an independent brand ideal for conversion to a national brand.
Four tanks with a $40,000 PCI upgrade (for chip cards) being finalized.
Three FT, and 2 PT employees. Excellent potential for a multiple family member employment opportunity.
Real estate asking price $1,150,000 plus the operating business for $625,000 (two entity sale) for total asking price of $1,775,000.
Income streams include ATM, air, Rhode Island Lottery, propane tanks, and third party tenant pays $800 per month.
Real estate can be potentially modified for a drive through subject to Town and State approvals.
Current pricing strategy generates 65-70,000 gallons per month at $.30-$.35 margins. Gallons previously at the 1,040,000 annual rate with lower margins.
Convenience store sales average over $100,000 per month of which approximately 75% of the sales are cigarettes at an average margin of 7.3%.
Operational and financial information on business will be provided after signing confidentiality agreement. Please contact us.
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