||Employees||3 full, 3 part
* Included in Asking Price
This is a rare opportunity for a prospective buyer to purchase both a branded and unbranded gas station with C-Store and real estate together as a package. The seller has gotten the unbranded gas station approved by 76 Corporation as a suitable location to become branded as 76 Gas Station with $700K as an incentive, ($200K will be used toward a new canopy, Signs and equipment and the rest of $500K for prospective buyer to use in compensation for the down payment used to purchase the unbranded gas station) the seller will pass this incentive onto the new buyer. 76 Corporation approval letter available upon request.
1-Unbranded gas station and C-Store (Descriptions)
The unbranded gas station is adjacent to both industrial and residential areas, surrounded by warehouses, on a major city street where many trucks carrying containers drive. A motel is adjacent to the station, as well as several motels located nearby. New buyer can utilize the extra spaces around the station to use part of it to a Food Truck and/or an Espresso Coffee stand for extra source of income, either as active or passive. It sits on 9675 sq/ft.
This unbranded gas station pumps 76K/G of fuel per month (@ .279c /G profit margin)
and inside store sales $48K per month (@ 26.9% profit margin).
Yearly gross profit in fuel sales is $254,638.13 and a yearly gross profit inside the store is $153,731.77, so the total gross income for Fuel and C-Store sales combined is $408,369.90.
2-Branded gas station and C-Store (Descriptions)
The branded gas station sits on a corner lot for easy access, is surrounded by residential and business areas, is close to the city center, as well as Central Washington University. New owner can utilize the extra space rent a space for a food truck or espresso coffee stand for extra income, either as active or passive. It sits on 7409 sq/ft.
The branded station pumps 70K G/Month (@ .204c /G profit margin) and inside store sales $39K per month (@ 27.5% profit margin), including propane.
Yearly gross profit in fuel sales is $170,770.22 and a yearly gross profit inside the store is $127,520.20, so the total gross income for fuel and C-Store sales combined is $298,290,42.
**Additional information about both stations
Both stations are located approximately one half mile apart for easy management. Several freeways are in close proximity (Old Highway 10, Highway 97, and Highway I-90 East). Both stations also accept EBT/SNAP, and sell lottery and scratch tickets and diesel fuel.
New owner can increase the sales in both stations by extending working hours from 10PM until Midnight, as well as installing vacuums in both stations , adding Coffee Stand and food truck.
Also the new owner can increase the productivity by managing them as owner/operator thus will also lower labor cost.
The Seller lives in Bothell Washington which is about 117 miles away, and wishes to purchase a station closer to home. This is the main reason for putting them for sale by the owner.
So to recap, the yearly gross profit (fuel sales, inside store sales combined) for both gas stations is $706,659.42
|Facilities:||76 Corporation offered $700K to the Seller to convert the unbranded Gas Station into 76 Gas Station brand, the seller wishes to pass this incentive into the buyer for quick sale of both Gas Stations as one package and also to facilitate financing both station with the lenders.|
|Competition:||Unbranded gas station only competition across street from Seven-Eleven store and there are no other Gas stations in the area close by, However, the branded Gas Station there aren't any gas stations near by at lease for 4 miles.|
|Growth Potential:||Renting a space in both Gas Stations to a Espresso coffee stands, food trucks will increase the source of income, increasing the hour of operation till midnight or to 2PM will make a huge difference to further boost the income, present new owner in the daily operation will increase productivity and decrease the labor percentage.|
|Training/Support:||The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.|
|Seller Financing:||Seller can guide the buyer to Mortgage company specialized in financing Gas Stations.|
|Sale Reason:||The owner is presently an absentee owner with an alternative business.|
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