SOLD! Independent gas station with food mart, property available.

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TYPE OF BUSINESS:  Independent gas station with food mart, property available- located just blocks from Lake Minnetonka. Established 70+ years with current owner operating since 2003. This is a high volume gas/convenience store that sells gas, grocery items, beverages, snacks, cigarettes, and other tobacco products, lottery and has an ATM. Beer could be added.  The hours of operation are Monday through Friday 6:00 am to 9:30 pm, Saturday 7:00 am to 9:30 pm and Sunday 8:00 am to 9:00 pm. Tremendous location with outstanding growth potential.

                                                             

EMPLOYEES:  There are 4 full-time employees with the owner overseeing the ordering, stocking, pricing etc. Employees are paid $9.00 – $10.00 per hour. 

 

FACILITY:  Building is located on a busy corner and is approximately 900 sq. ft. Lot Dimensions: 78’ x 150’ x 82’ (approximately 9,700 sq. ft.). Currently operating with 6 pumps with plenty of room to expand the business.

 

GROSS SALES/CASH FLOW:  Gross sales for 2012 were $5,819,260 with $5,148,136 being gas sales (over 1.3 million gallons of gas pumped). Gross Sales for 2011 were $6,210,023 with over 1.4 million gallons pumped.

 

ASKING PRICE:  The asking price for the business is $175,000 with Seller financing available to a qualified Buyer. Seller is willing to lease the building and property with an option to purchase. The Property and Building is available for purchase for $475,000. The value of the furniture, fixtures and equipment is approximately $5,000, and the value of the inventory is $30,000, which includes gas.

 

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

 

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. 

7781, 7782 b.k.

                                      

Super America Gas / Convenience Station, SOLD!

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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.