FULLY OPERATING UNBRANDED SERVICE STATION FOR SALE

Business Opportunity for Sale
Catylist Listing ID: 30631012
Property Subtypes: Auto Related
Building Size (RSF): 3,000 SF
Sale Price: $835,000
In Opportunity Zone? Yes
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 9/9/2020

Overview / Comments

Real Estate Overview: The subject property is an unbranded Service Station & C-Store. A canopy, of +/-1,400 square feet, houses three double sided Gilbarco pumps with all dispensers equipped with gasoline and one dispenser equipped with diesel and gasoline.Fuel tanks were installed in 2005 with ACT Fiberglass lined tanks & lines. Tank capacity includes 8,000 gallons unleaded, 4,000 gallons super grade, and 4,000 gallons diesel. The land area of the site is approximately 15,544 sq. ft. (0.36 acres). Business Overview: Additionally, the subject property includes a 3,000 square foot unbranded C-Store. In 2018 the seller did extensive updates to the store with new store front fascia, new flooring throughout, new condensing units for the coolers, a new HVAC system, new cooler doors, a new hot water heater, and LED lighting. The store is also equipped with a full kitchen and a Passport POS system. Although no fuel agreement is in place, the seller has been approached by multiple brands with financial incentives. The subject has historically sold +/-7,000 gallons/month with +/-95% of fuel sales for gasoline and +/-5% of sales for diesel. Approximately +/-20% of sales come from fuel sales and +/-80% of sales come from inside store sales (C-Store products). From 2017-2019, revenues ranged from $490,000-$1,260,000 (rounded). It should be noted, 2018 saw a significant decline in sales due to the property being closed for 8 months while undergoing upgrades. Additionally, there is room for significant growth in fuel sales as the fuel pumps do not currently accept debit or fuel cards.

Additional Details

Nearest MSA: Longview
County: Gregg
Industry Segment: Gas Station
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,503 13,514 22,906
Median Age: 28.37 34.1 35.46
Households: 488 4,815 8,310

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