Description of Business
A top notch gas station & convenience store located in a heavily tourist area. Being offered is the tremendously profitable business with the valuable real estate located on the intersection of two state highways in a sparsely populated hilly tourist trade area. Approx 4,000 tourist annually plus the local population are the customers. Inside sales was around $1 million in 2013, plus fuel sales of approx. 500,000 gallons, with average margin of .25/gal. Excess facility is leased to a family member for a skilled gaming operation. This could be added to the store if desired.
Property Features & Assets
A 4,000 sq ft. retail facility with fuel tanks (gas 12k & 6k, diesel 4k year 1999) and pumps (2). The fuel is unbranded. Located in the hills of Southern Ohio near to state parks. There are 4,000 cabins with 100% occupancy for the majority of the year. The store has 20 reach in beverage doors, including a walk-in cooler plus a beer cave. Beer is the heaviest sales (2.5 truckloads weekly). Water of 250 gallons monthly (double in summertime); Pizza 300 per week; subs 40 per day; ATM are some of the highlights. Not selling lottery. All of the operating financial support and the facility will support a value in excess of $1 million.
The owner has health issues. When she came out of the hospital she decided to sell this business at a price to generate a quick sale. So we established her bottom line of $700,000 as the asking price. She doesn’t want to wait on a financing transaction. The value is in place. It is truly a discounted sales price.
Market competition & Expansion
The nearest competition is 10 miles, 17 miles and 30 miles away. Store opens at 4:30 am and closes 10 or 12 pm. It serves the diesel needs of the county, fire department, municipals, and Columbia Gas vehicles. The store is the grocery source for locals and tourist with a large variety of snacks, cigarettes, souvenirs, groceries. In addition to the vast variety of interior sales a lucrative carry out pizza & wing business is in place. For the future add Lottery, wine, Red Box, and frozen food selections. This store could be expanded into the rental space of the building for serving food to consume on the premises. Road signs should be erected to direct traffic to the store from park entrances. The owner knows most of her customers on a first name basis, and they know her. That customer friendly atmosphere would have to be continued. She has some very good loyal employees.