Super America Gas / Convenience Station, SOLD!

SuperAmerica1[1]

TYPE OF BUSINESS:  This is a Super America Gas station – located in a southern TC suburb.  Established for 23+ years with the current owner’s family owning it since July, 2008. 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 has a carwash.  The hours of operation are Monday through Thursday 5:30 am to 11:00 pm, Friday and Saturday 5:30 am to 12:00 am and Sunday 5:30 am to 11:00 pm.  The business is owner absentee.

EMPLOYEES:  There are 4 full time and 4 part time. There is a full time manager who runs the operation, along with the full time clerks and is paid $36,000 a year.  The part time employees are paid $8.00 – $ 10.00 per hour.

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

GROSS SALES/CASH FLOW:  Gross sales for 2011 were $3,676,291, for 2010 sales were $2,994,633 and for 2009 sales were $2,304,064.  In 2011, they sold 750,000 to 800,000 gallons of gas.  Cash flow to the owner (absentee), based on 2011 numbers was approximately $210,000.

ASKING PRICE:  The asking price for the business, land and building is $1,325, 000.  The market value of the land and building on the property tax statement is $642,000.  A recent appraisal valued the land and building at $990,000.  The value of the furniture, fixtures and equipment is approximately $150,000, and the value of the inventory is $100,000, which includes gas of $30,000.

REASON FOR SALE:  The owners own several other businesses and don’t have the time that is necessary to effectively operate this business, as it continues to grow.

Important Notice:  The above information has been provided by the Seller.  Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. b.k.

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