Franchise: Speedway Gas Station

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TYPE OF BUSINESS: Seller very motivated due to health. Speedway Gas station franchise – located in a southern TC suburb. Established for 26+ years with the current owner owning it since 2013. This is a very nice gas/convenience store, located in a fast-growing community with a strong customer base. Business sells gas, grocery items, beverages, snacks, cigarettes, and other tobacco products, lottery and has an ATM. The business installed a new carwash just over a year ago and the sales and profits have more than doubled. The hours of operation are Monday through Friday 5:30 am to 11:00 pm, Saturday and Sunday 6:00 am to 11:00 pm. Owner works 20 – 25 hours per week.

EMPLOYEES: There are 4 full time and 4-part time. The owner is the part-time manager who runs the operation, along with the full-time clerks. The part time employees are paid $10.00 – $ 12.00 per hour.

FACILITY: Store is 4042 sq. ft. located on a 1.24-acre lot.

GROSS SALES/CASH FLOW: Gross sales for 2018 were $3,663,448, for 2017 were $3,417,213, for 2016 sales were $3,432,275. Cash flow to the owner operator, based on 2018 numbers was approx. $206,505, 2017 numbers was approx..$188,500. The sales will fluctuate year to year due to gas prices.

ASKING PRICE: The asking price for the business, franchise rights, land and building is $1,100,000. A 2013 appraisal valued the land and building at $1,100,000. The value of the furniture, fixtures and equipment is approximately $150,000 (included in asking price), and the value of the inventory (gas and other inventory) is approx. $70,000 (not included in asking price). The new Car Wash Lease is not included. The monthly payment is $2,300.00 per month with 4 years left on lease to own. Purchaser will need to be approved by Speedway (franchisor).

REASON FOR SALE: Health.

Established Off Sale Liquor Store, located 2 hours northwest of Minneapolis.

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Type of Business: Established Off Sale Liquor Store, located 2 hours northwest of Minneapolis. The store is very attractive and nicely appointed located on a high traffic Hwy. There is no threat of a national liquor-chain moving in the area due to the two closest cites own “municipal” stores. The business was established 10 years ago by the current owner, who works the business. Limited competition.

Facility: The liquor store occupies approximately 8,000 square feet out of a 12,000 sq. ft. building. The building is for sale as well. Asking price for building and 5 acres of land is $550,000. There is a tenant that leases 4,000 sq. ft. in place. The lease payment is $2,500 plus property tax and utilities.

Employees: There is 1 full time employee with the owner.

Gross Sales: Sales in 2018 was $1,190,083, sales in 2017 were
$1,228,619. Sales in 2019 through May are $390,692 Cash Flow for 2018 was approx. $139,700 plus additional income from leased space of $35,700 to an owner operator, if the building is owned.

Asking Price: Business: $370,000, this includes $47,000 in F,F&E. $200,000 in inventory is not included.
Building and Property: $550,000.

Reason For Sale: Other interests.