Grand Rapids Gas Station

Business Opportunity for Sale
Catylist Listing ID: 30626621
Property Subtypes: Auto Related
Building Size (RSF): 3,510 SF
Sale Price: $2,100,000
Name of Establishment: Citgo Gas Station
Year Business Established: 2013
Gross Revenue: $1 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash, Mortgage
Last Updated: 8/31/2020

Overview / Comments

This 7 year old gas station is currently branded Citgo and has only 2-3 months left on the fuel supply agreement, making it a great time to transfer to a new buyer.

This Station is priced at $2,100,000 plus inventory. Very little, if any, negotiating room on the price.

A Few Highlights:

Possible SDD License Available, see agent for details. Inside Sales are over $1,000,000 a year
Lottery Commissions over $50,000 a year.
45,000-50,000 gallons per month, with margins of 15-20 cents per gallon.
Fuel supply agreement is up in 2-3 month

Property Details:

Building is 3,500 square feet and on 1.0 acre
2,600 square feet being used by the store
900 square feet available for lease or to expand the store, currently in “White Box” condition.

Sellers will NOT to speak with anyone, period.

You must contact the listing broker to arrange a showing and to FULLY complete a Non-Disclosure/Non-Circumvention agreement with a cash available declaration.

No tire kickers please.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Industry Segment: Gas Station
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Seller Financing Description: n/a

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,422 109,503 249,770
Median Age: 32.95 35.04 33.86
Households: 3,899 41,877 92,260
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