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Listing #CS97815
Elkin, NC

Offered at $749,000
Price With Property $749,000


Property Details
Listing Type: Convenience Store - No Beer
Property Taxes: 775
Old Price: 879000
Selling Price: $ 749,000.00
Property Included: Yes
Property for Sale: Included
Price With Property: 749000
Inventory Included: No
Inventory Amount: 75000
Hours: 5:30-9 M_F; 6-9 Sat; Sun 7-9
Franchise: No
Year Business Started: 1993
Security System: Yes
Number of Employees: 4 + owners
Area Information:
Number of Cash Registers: 1
Licenses Required: privilege

Golden opportunity on the Interstate! They don't sell Beer, Wine, or lottery, but Beer and Lottery sales are approved for this area. The owners would like to sell the business and property and retire. They will leave it to the new owner to add these profit centers. Current inside sales are $52,600/month and gasoline gallons are 710,000 per year. Inside sales could be increased by 35-40% by adding Beer sales not to mention the profit increase when lottery is added. This one definitely has untapped potential. Sale includes a leased Automotive shop that provides and additional $1500/month in rent income.

Interstate traffic, local business, and a nearby distribution center employing 6-700 workers all contribute to a solid customer base.

The seller has now upgraded the credit card readers and software for the chip card technology that is due in 2020. the buyer will not have that expense in 2020 (likely $20k+ for most stores).

Building Age: 27 yrs
Acreage: 1.13
Environmental Status: In Compliance
Gas Contract: 10 year
Credit Card Fees Paid By: Business Owner
Fuel Gallons: 710,000
Fuel Brand: Exxon
# of Pumps: 4
Wine License: No
Fuel Offered: Gasoline, Diesel, Kerosene
Fuel Tank/Equipment Owner: seller
Fuel Owner: Business Owner
Annual Sales: $2138380

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NOTE: All information listed here is provided by the seller and should be verified by buyer as we do not guarantee it to be correct.