GAS & CONVENIENCE
Location: Rhode Island > Providence County
Industry: Food and Beverage > Grocery and Supermarkets
Financials
Asking Price: $185,000
Gross Revenue: $950,000
Gross Revenue Comments: includes gas
Cash Flow: $126,350
Cash Flow Comments: notincluding owner
Inventory: $35,000 (Not Included in Asking Price)
FF&E: $70,000 (Included in Asking Price)
Real Estate: (Not Included in Asking Price)
Seller Financing: NONE
Business Summary
Gross sales:$550,000. x 22%=$121,000+ net profit net gas $32,000 + lottery commissison $17,000.+income atm $11,500.+cigarette promotion $7,500.+buy down $11,200. distributor kick back, $3,600 + western union money order $900. +cooler income $1,360. total income $164,060 less expenses:rent $40,800+water $540.+telephone $1,080.+ electric $16,800+trash $840. +insurance $4,800.+accountant fee $770. maintenace $4000. total expenses:$121,630.net before owners payroll.
About the Business
Year Established: 10
Facilities: THE CONVENIENCE STORE WITH GAS IS APPROXIMATELY 2000 S.F. tHERE ARE4 NOZZLE STATION. PARKING IS ON SIDE
Market Outlook and Competition: Competition: Not much competition in area
About the Sale
Management Training and Support: WILL TRAIN
Reason For Selling: OWNER IS CONSOLIDATING SMALLER STORES
Attached Files - Attachment Disclaimer
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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