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Established, Branded Gas & Convenience Store

Convenience store with branded Sunoco gas. High volume gas sales @ 40,000-45,000 gallons per month. Fuel contract is rack plus $.015, current pool margin of $.16. Inside sales currently running $60,000-$70,000 per month, should jump to $75,000-$80,000 during summer months. Inside margin is 35%.

Additional monthly income: car wash ($500); ATM ($500); lotto ($700). Inside deli ready to get operational…could add 15% to inside sales and have big impact on other general sales.

Located at a major intersection (imagine being at the center of a compass) with two major thoroughfares serving Elizabeth City’s business and residential customers. Major new retail within walking distance including a hotel behind the store!!

This business was formerly a “Red Apple Food Mart”, re-branded two years ago and has operated successfully at this location for 30+ years.