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| You have accessed this listing information from the VR National database through: | This business is listed and represented by: |
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VR Business Brokers - Fairfax, VA 11350 Random Hills Road Suite 800 Fairfax, VA 22030 (301) 951-0051 www.vrbeltway.com connie@vrbeltway.com |
VR Business Brokers - Milford, CT 99 Cherry Street Milford, CT 06460-3455 (203) 878-0554 venture.prtnrs@snet.net |
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Business Listing Details |
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LISTING#: |
H1220: Gas Stations High Volume Gas w/Convenience Store |
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LOCATION: Southern Connecticut |
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ASKING PRICE $359,000 |
AMOUNT DOWN $359,000 |
REVENUES: $453,000 |
DISCRETIONARY EARNINGS $99,348 |
TOTAL ASSETS $30,000 |
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| This gas station with convenience store generates sales of about 100,000 gallons per month @ $.14 per gallon and convenience store sales of about $65,000 per month @ about 30% gross margin. It is located just off interstate I-95 and has a fully equipped food service area for a take-out deli or other fast food business which is presently not being operated. In the past, this area of about 300 sq. ft. has produced sales in excess of $1,000 per day. Marginal income on deli sales should be in the 35% range on sales at a minimum. This would be $350 per day or $1,750 per week for a five-day week or $87,500 per year additional profit to the owner and should be added to the figures showing here. Lottery sales run in the range of $70,000 per month at about 5% commission but lottery was discontinued in 2007 by the owner for personal reasons . This lottery commission of roughly $3,500 per month or $42,000 per year, should also be added to the figures showing here. So, by adding the lottery income and the deli income, total annual pretax income will be in the $150,000 range. Rent, including real estate taxes and common area maintenance, is $12,300 per month. Landlord is a major national oil company. Inventory averages about $70,000 and is not included in the purchase price. | |||||
| Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies. |