Listing Details:

  • Business Category:                     Gas Station Convenience Store
  • Price:                                             $975,000 
  • Gross Revenue:                            $2,762,890
  • Sellers Discretionary Earnings:  $362,247
  • Location:                                       Twin Cities Metro
  • Inventory:                                      $52,173 
  • Employees:                                   2
  • Support & Training:                     4 weeks 
  • Reason for Selling:                     Changing Industries
  • Non Compete:                              50 miles for 5 years

 

Business Description

Profitable; BP gas station and convenience store. This excellent location has newly upgraded pumps, card reader EMV compliant, new tank containment system, ADT security system an up graded inside with in the last 2 years. This business did well in 2020 with the Pandemic and road construction. It is positioned to be profitable for many years to come.

Business History

The owner purchased this station 2 years ago and is now leaving the industry.

Facilities

Facility upgrades in the last 2 years;

Exterior;

  1. New containment system on tanks, including new concrete and manhole covers $ 45,000 Contractor; Zahl Petroleum
  2. Pump upgrades including EMV compliance card readers, Apple pay and touch pay upgrade; $ 71,000; contractor Pump and Meter

Interior;

  1. New cabinets, gondolas and equipment $ 15,000
  2. ADT security system $ 4,000

Operating Hrs:

  • M – F 6 am to 10 pm
  • Sat 7 am to 10 pm
  • Sun 7 am to 9 pm

Products Offered:

  • Gas
    • Including 93 octane which has better margin than 91 octane and draws repeat clients
  • Food
  • Car wash

 

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minnesota@tworld.com

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