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100% Absentee Gas Station with Property 30 Minutes from Tuscaloosa, AL!!!

RetailFor Sale in Eutaw, AL

Financial & Assets Details

$1,163,000
$90,000

About the Business

Yes

Business Description

Inside Sales are currently $45,000 monthly. Deli is currently closed due to the coronavirus but total sales were $65,000 monthly with the deli.

Gallon sales are 25,000 per month at 15 cents average margin! Jobber deposit is $10,000. Jobber is Midstate Oil.

Net Profit after all expenses and deli shutdown is about $90,000 after paying $54,000 in full-time payroll! Bank mortgage based on 20% down (about $84,000) will only be about $2,100 per month! Once deli opens again, Buyer can bring home more than $120,000 take home after mortgage!

Seller is also willing to do a lease-purchase for $100,000 + inventory down payment! Mortgage with Seller would be at 25-year amortization, prime+2 interest rate (so at 5.25%), and a payoff in 3 years for the remaining balance. Your payment with the Seller would be approximately $1,500 per month!

100% Absentee Owned! Seller has had the store for over 10 years! Currently 1 manager and 1 employee running the store.

Corner lot location! Only 30 minutes from Tuscaloosa, AL! Average Daily Car Count is 7,111. Less than a mile away from Historic Downtown, Elementary School, and Hospital.

Asking Price for Business and Property is only $350,000 + Inventory! Inventory is about $40,000 at cost. Lease-Purchase is Available at only $100,000 + inventory!

If interested, please email your full name and best contact number to info@riverbrokers.com

Listing ID: Eutaw350k

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