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C-Store With Gas, Small Town East of Cincinnati

Located in a small town approximately 45 minutes east of Cincinnati, this business will generate over $150,000 this year in net profit to an owner / operator. Profit for 6 months ending Sept. 30, 2009 was $78,000.

While located in a “dry” county, the business was just recently approved to sell beer and wine. It will be only one of a few stores selling beer and wine in the county (closest 6 miles).

This will add significant sales and additional profitability to the business (estimated annual profit to increase to $190,000 per year). Sales are currently about 40% gas and 60% in-store products. The store offers full lottery.

The store was remodeled a few years ago, along with four new dispensers (pumps) and four tanks, so this business is turn-key, up-to-date and attractive.

The station has Hamilton ACT 100 tanks (fiberglass coated steel):
• 6,000 gal (gas)
• 4,000 gal (gas)
• 4,000 gal (diesel)
• 1,000 gal (kerosene)

FINANCIAL:

Next twelve month sales are expected to exceed $1,000,000 with a profit (before owner compensation and depreciation) of $150,000. Once sales of beer and wine begin (early 2010) profit should approach $200,000/yr.

The business and real estate have an asking price of $325,000. Assets included, free and clear of debt, are:
Inventory (cost) 48,210
F,F & E (cost) 67,687
Real Estate (cost) 77,626
Total $193,523