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ESTABLISHED, BRANDED GAS & CONVENIENCE STORES

Seller: Attn: Bruce Hobart
Location: Elizabeth City, NC, USA
Listing Number: "N960-BH"


Asking Price: $279,000 USD USA Dollars
Industry: Food & Beverage: Conv & Food Stores
Reason for Selling: Relocation Out of State
Year Established: 2007
Number of Employees: 2 Full/3 Part
Yearly Revenue: $780,000
Yearly Cash Flow: $150,000

Overview of the Business:

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.


Property Features and Assets:

3,000 sq. ft. building


Additional Details:


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