West Michigan Gas Station and Country Store

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30725790
Property Subtypes: Auto Related
Building Size (RSF): See Agent
Sale Price: $895,000
Gross Revenue: $1,365,000 (Annual)
Cash Flow: $185,000 (Annual)
Last Updated: 10/29/2021

Overview / Comments

Business Summary

This full-service Marathon branded gas station and C-store is located in a vacation home area north of Grand Rapids, MI. Inside sales are on a growing trend, driven by the deli and fresh food along with general supplies and merchandise geared for the vacation season. There have been many upgrades made to the facility but there is ample room for improvement, providing an outstanding opportunity for expansion and growth.

The owners built a loyal customer base by providing personalized service and caring about each customer, and after five years of serving the community, they plan to retire. In preparation, they developed a self-directed staff to position the store as a turnkey opportunity for new ownership.

Details

2020 Revenue: $1,365,000
2020 SDE: $184,000
2020 Fuel Sales: 337,000 gallons
Inventory: $80,000
Employees: 7 part-time plus the owner
Real Estate: 2,800 square foot building on 1 acre

Investment Highlights:
· Turn-key operation
· Inside sales on an accelerating upward trend
· Beer, wine, and liquor license
· Upgraded kitchen
· Deli, pizza and ice cream

Growth Opportunities:
· Add beer cave
· Add recreational gas
Support & Training: The owner is willing to assist the new buyer

Reason for Selling: Retirement

Additional Details

Industry Segment: Gas Station
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
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