Gas Station & Convenience Store in Eastern Idaho


Location: Eastern Idaho
ID: (# 200650)

Gas Station & Convenience Store in Eastern Idaho

New Listing

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Asking Price: $890,000
Cash Flow: $ 42,000

Annual Sales:  $ 1,072,000
Assets (FF&E):  $ 10,000
Inventory:  $ 12,000
Real Estate:  $ 760,000

Overview

This well-known local staple is poised for consistent growth in a $100 billion industry. Serving the community since 1981, this gas station has become a familiar landmark location for locals and pass-through traffic, where customers frequently fill up on gas and grab a bite to eat at one of Idaho’s award-winning BBQ restaurants. With a prime highway exit location and a high volume of foot traffic, the opportunity is excellent for first-time industry owners, or companies seeking expansion.

Details

Reason for Selling:
Retirement

Year Established:
1981

Number of Employees:
12

Facilities:
The company owns the entire facility. Built in 1981, the commercially zoned property is located on 0.6 acres and contains some unused land that could be used for expansion purposes. The building is 2,750 sq ft and the company leases a portion of their floor space to a popular restaurant in town. The terms of the lease include $600 of rental income per month and has the additional advantage of bringing large volumes of people inside the establishment each year. Conveniently located next to windshield replacement, martial arts, golf course, and shooting range. The property includes office space, new HVAC, new walk-in cooler, new roof, security system, two single-stall bathrooms (male/female), storage, 20 parking spots, ATM, and six gas pumps. Three underground fuel tanks. 12,000 gal. regular, 10,000 gal. premium, and 2,000 gal. diesel tanks.

Support and Training:
The seller will remain with the company for up to 90 days to assist in the transition and training of the new owners.

Competition and Market:
Despite other competitors in the surrounding area, the company has not seen a decline in revenue from new gas station and convenience stores entering the market. The company strategically kept their prices lower to remain competitive, and local opinion is that the business offers the best prices in town.

Growth and Expansion:
This well-known local staple is poised for consistent revenue generation in a $100 billion industry. The recession-resistant gas station and convenience store industry will continue its reliability, regardless of economic pressures and consumer preferences. Sales are consistent throughout the entire year without volatility in volume which helps the company to keep inventory levels optimal and predict trends. The opportunity covers a population of approximately 30,000 residents, with an additional 20,000 university students that live in the municipality on a cyclical basis. The city will continue to grow in the years to come from the expansion of the University and commerce that is drawn to that area.


Broker Contact Information

Alex Hart

alex@bristolgrouponline.com


Bristol Group

Washington,Wyoming, Montana, New Mexico, Colorado, Kansas, Utah, Oregon, Florida, Texas, New York, Indiana,
(208) 401-9523 | Office
(208) 390-0075 | Mobile
(208) 248-5610 | Fax