Citgo Gas Station Near Downtown Orlando!

Location: Florida, United States
Category: Services
Type: Established

Financials

Asking Price: $110,000
Cash flow: $76,964
Revenue: Not Disclosed
Gross Income: $369,000
Inventory: $21,000 - Included in the Asking Price
FF&E Not Disclosed
Real Estate: Not Disclosed

Business Details

This Citgo is located on a very busy road near Downtown Orlando. Currently the inside sales are $30,000 inside and 70,000 gallons outside monthly but can do much better if the new buyer opens at 6:00am. Current hours are only 8am-8:30pm. The seller will offer a 5 year lease with a 5 year option at $4,200 per month. No rent increases for 5 years. Seller will be responsible to change the tanks in 2009 and have that put into the lease. Landlord will pay property tax and environmental insurance. Currently buys gas at 1 cent over rack and profits 7 cents per gallon average. Additional income for $700 per month for LOTTO, cigarette display, pay phone, and vacuum machine. At 1 time this station used to do 120,000 gallons per month outside. You can add $24,000 to the cash flow shown above for owners salary for a total of $100,964 per year owner benefit.

Great new lease offered to buyer. Years 1-5 $4,200/mo. years 6-10 $4,500/mo. Years 11-15 $4,800/mo.

Great location in a very busy downtown area.
Seller has plans to expand the building at sellers expense. Paid as a $500/mo rent credit.

Seller will train you for at least a week and more if needed.

General Information

Reason Selling: Seller wants the property paid for in 15 years as his retirement.

Number of Employees: 2
Year Established: 1984