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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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The purpose of this transaction is due to out of state absentee corporate owners
(Automotive , Gas Station)
SC
Listed Price: $ 22,500,000
Listing ID: GST345

Listing DetailsGross Revenue: $ 11,423,521
Cash Flow: $ 3,162,859
Inventory: $ 400,000
Reason for Sale:

The purpose of this transaction is due to out of state absentee corporate owners


Training & Support:

The corporate owner will remain post-closing in order to supply an appropriate transitional period.


OperationsYear Established: 2010
Days & Hours of Operation: Mon.-Sun. 6am-12am
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Facilities:

The majority of the businesses are located near interstate highways in North & South Carolina which attract a large customer base of clients. The facilities are fully upgraded and modernized with a canopy, convenience store and some have car wash service, etc. The businesses also have additional incomes such as Lotto, ATM, etc.


SummaryBusiness Description:

Wonderful business opportunity to own a highly successful independent self-service gasoline station with Convenience Store and real estate. These 13 gas stations that can be purchased as a package, or individually. The owners represent a corporate group, out of state company, has elected to market multiple fuel stations in North & South Carolina, due to their absenteeism. The various fuel stations have substantial gross sales and consistent high net yearly incomes to the owner operator. These businesses have fuel sales of approximately 9,800,000 gallons yearly, including high volume retail convenience store & Lottery sales. Each of the fuel stations have an average of four employees who are all unaware of the pending sale and fully expected to remain post-closing. Monthly payroll is based on hourly wages and differ for each location. The sale includes 13 business operations, all of which include equipment and real estate, a fully equipped retail store, some locations have car wash, multiple upgraded fuel tanks, gas pumps, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. The businesses are active seven days per week, with hours from 6:00 am to 12:00 am. Regarding the package sale (13 gas stations), in 2017 the total gross yearly sales were $11,423,521 and the yearly net income for 2017 was $3,162,859. This package sale opportunity, which represents the gas station businesses, assets and real estate, has been valued at a multiple of seven (7) times EBITDA, bank and seller financing is available to a qualified buyer. This sale has been preliminarily approved for bank financing with the appropriate down payment. Based on a 25-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may Not represent this particular business.


Competition:

To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

Due to the corporate ownership, each location is presently maintained with a site manager, however with on-site ownership and a marketing plan for additional corporate fuel accounts further growth is highly possible.


Financing/Terms:

Available to a qualified buyer.