2 Gas-C-Stores/W. Central MN/on U.S. Hwy

Listing Details:

• Price: $995,000
• Gross Revenue: $3,748,377
• Sellers Discretionary Earnings: $182,595
• Location: W Central Minnesota
• Support & Training: 4 weeks
• Reason for Selling: Retirement

Business Description

Two (2) Well established Convenience Stores in West Central Minnesota includes ~2200 square ft store on Highway/City lot and ~1800 square ft store on Highway/City. Stores are 17 miles apart. Consistent & growing business well insulated from major chains. Excellent opportunity for owner operator or part of independent chain. One owner/manager can oversee both stores.

• Combined annual inside sales >$1.1 million (not including Tobacco, Lottery, Car Wash)
• Combined annual fuel sales >925k gallons
• No existing Fuel contracts
• Store 1: Modern & updated, ~2200 square ft. on city lot on highway
• Car Wash, Compliant pumps & canopy in very good condition, sti-P3 tanks.
• ~$1 million/yr. inside sales (40% tobacco, minimal lottery, 20% prepared food)
• Store 2: Older store, Seller has updated canopy & compliant pumps ready to install, ~1800 square ft on city lot on highway. Located next to City Pkg Liquor.
• Located on well-traveled US highway
• Located in thriving small towns – bedroom communities, growing population.

History

Well maintained & updated. Current owners are local with good reputation, have operated numerous C-Stores for 30+ years. Currently operated by FT Manager with PT employees, overseen by owner/GM.

Growth Potential

New owner will see potential for food/prepared food for inside sales growth, Off-sale liquor operation could be possible at Store 1. Both will enhance traffic, revenue & margins.

Competitive Analysis

Stores are the only Gas-C-Stores in town, on this busy US highway. Nearest competition is 5-6 miles away.