Business For Sale Listing 151709
Strong Volume Convenience Store
Status as of Nov-22-2008 at 06:00 PM: Active
Business Summary
Very impressive location. Branded BP and located on the city limits border, which explains the strong inside sales. Open 24-hours. Employees will stay, if needed.
For 2007 inside sales were $1.2 million with 650,000 gallons.
For 2008 inside sales are averaging $150,000 a month and the gallons have increased to 71,000 a month. Also included in January 2008, video gaming / poker machines. This particular style of machine is legal in NC. The customer buys a phone card and uses that card to play the machine. Averaging $10-$15,000 a month, and the owner makes 40%.
2007 NOI was $240,000. CAP Rate = 15%
At current rate the inside sales will reach $1,800,000 which will raise the NOI close to $300,000.
Store has Wayne MPD's w/cardreaders, Ruby, Tank Monitor, Roll Flex piping. The tanks are steel with the inside coated with fiberglass. Tanks also have cathodic protection and all test are up to date.
Categories
Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million ($4,000,000+) |
| Profits: |
Between $100 Thousand and $500 Thousand ($240,000) |
| Profit Type: |
Net Income |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $1 Million and $2.5 Million ($1,600,000) |
