Cash Flowing Gas Station in Plainwell, MI

Business Opportunity for Sale
Catylist Listing ID: 30429956
Property Subtypes: Auto Related
Building Size (RSF): 4,427 SF
Sale Price: $1,100,000
Name of Establishment: Doster Country Store
Business Website Address: https://www.facebook.com/dosterstore/
Year Business Established: 1910
Gross Revenue: $2,400,000 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash, Commercial Loan, Possible Owner Financing: To be determined based on buyers qualifications and down payment.
Last Updated: 7/23/2019

Overview / Comments

Doster country store is very charming and has plenty of character. It also is a
popular hangout spot for the local community and summer vacationers. It is currently staffed by knowledgeable and experienced employees, which makes
for the perfect turn key opportunity.

This gas station and general store dated back to 1910, has many offerings including a convenience store, a booming takeout pizza restaurant and deli, as well as gas pumps.This business has produced great sales and a great living for the current owner of 40 years.

As a bonus to everything this store has to offer, there is no competition nearby.

Included in the asking price is a 4-bedroom house, that is currently being rented. As well as a 3,200 square foot apartment above the store. This store also features a tanning salon, ice cream and coffee bar, craft beer and wine, lottery and tobacco products.

Call us today to get further details.

Additional Details

Nearest MSA: Holland
County: Allegan
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
Real Estate Lease Description: n/a
Mgmt/Training Support Description: Currently being ran primarily by management and employees, current owner does accounting and book work, as well as inventory pick up when needed.
Competition/Market Description: The Doster Country Store is a unique general store located north of Kalamazoo, MI in between Lake Doster and Pine Lake. It is the only general store in the area that has a full pizza and sub kitchen, tanning salon, gas station, gourmet coffee shop, ice cream parlor, great wine and micro brew selection, dairy products, and many other items.
Growth/Expansion Opportunities: There is currently no fuel supply agreement so a new owner is free to choose their fuel supplier that best suits them. Adding an SDD License.
Seller Financing Description: To be determined based on buyers qualifications and down payment.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,922 13,096
Median Age: 43.43 41.53
Households: 1,820 4,963

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