TYPE OF BUSINESS: Independent gas station with food mart, property available- located just blocks from Lake Minnetonka. Established 70+ years with current owner operating since 2003. This is a high volume gas/convenience store that sells gas, grocery items, beverages, snacks, cigarettes, and other tobacco products, lottery and has an ATM. Beer could be added. The hours of operation are Monday through Friday 6:00 am to 9:30 pm, Saturday 7:00 am to 9:30 pm and Sunday 8:00 am to 9:00 pm. Tremendous location with outstanding growth potential.
EMPLOYEES: There are 4 full-time employees with the owner overseeing the ordering, stocking, pricing etc. Employees are paid $9.00 – $10.00 per hour.
FACILITY: Building is located on a busy corner and is approximately 900 sq. ft. Lot Dimensions: 78’ x 150’ x 82’ (approximately 9,700 sq. ft.). Currently operating with 6 pumps with plenty of room to expand the business.
GROSS SALES/CASH FLOW: Gross sales for 2012 were $5,819,260 with $5,148,136 being gas sales (over 1.3 million gallons of gas pumped). Gross Sales for 2011 were $6,210,023 with over 1.4 million gallons pumped.
ASKING PRICE: The asking price for the business is $175,000 with Seller financing available to a qualified Buyer. Seller is willing to lease the building and property with an option to purchase. The Property and Building is available for purchase for $475,000. The value of the furniture, fixtures and equipment is approximately $5,000, and the value of the inventory is $30,000, which includes gas.
REASON FOR SALE: The owners own several other businesses and don’t have the time that is necessary to effectively operate this business.
Important Notice: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness.
7781, 7782 b.k.