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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Independent Gas Station w. C-Store
(Automotive , Gas Station)
Oconee County , SC
Listed Price: $ 1,950,000
Listing ID: GST350

Listing DetailsGross Revenue: $ 1,646,414
FFE: $ 470,000 (Included in Price)
Inventory: $ 35,000
Reason for Sale:

The purpose of the sale is due to out of state absentee corporate ownership.


Training & Support:

The owner will remain post-closing for 30 days and supply a transitional period.


OperationsYear Established: 2000
Days & Hours of Operation: Mon.-Sun. 5am-12am
Non-owner Payroll: $ 8,200
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 38768
Facilities:

The property consists of 38,768 square feet free standing structure, with a modern retail convenience business and car wash. The facility is fully upgrade and modernized with a large canopy. The business also offers additional products / services such as Lotto, ATM, etc. This business opportunity is located in South Carolina on an active county road with various other successful businesses.


SummaryBusiness Description:

Solid business opportunity for this highly profitable independent fuel station which includes real estate and car wash in a wonderful area of South Carolina. The business offers fuel/gas sales, convenience/food mart sales, car wash, lottery, etc. This business opportunity which includes the real estate location, generates a gross yearly income of $1,646,414 and a consistent net yearly income to the owner. This particular business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $8,200. The fuel station business is active seven days per week, with hours from 5:00 am
to 12:00 pm. The sale includes the business and property, a fully equipped retail store, including an operating fuel gas stations with canopy, upgraded fuel tanks, gas pumps, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary licenses and equipment to maintain the day to day business operation. The price of $1,950,000 is based on a multiple of the net yearly income, which includes the real estate and the business assets. Financing has been approved with approximately 20% down payment and based on a 20-year payout at 4% interest, purchaser would have a wonderful return on investment after debt service. These owners represent an out of state corporation sale and area absentee owners. 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:

The business requires onsite ownership to further improve performance and income also with additional corporate fuel accounts further growth is possible.


Financing/Terms:

Available to a qualified buyer with an appropriate down payment.