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Absentee-Owned Gas Station in Mobile, AL with Kitchen! Seller is Motivated!

Absentee OwnedFor Sale in AL

Financial & Assets Details

About the Business

$2,000

Business Description

Seller is highly motivated to make a deal! Seller never visits the store because he is busy in a corporate job and family in Birmingham and cannot manage the store!

Full commercial kitchen! Seller is renting out the kitchen for $1,200 per month on a weekly lease with a tenant! Buyer can choose whether to keep rent or operate deli themselves!

Business used to do over $90,000 when Seller owner-operated in 2011 and had EBT. Seller discontinued EBT when he started his corporate job and had employees solely run the store because employees were not properly trained to use EBT. Huge potential for Owner-Operator to add back EBT and increase sales back to $90,000 to $100,000!

Seller is only asking $399,000 + inventory for the gas station property and two other land properties! Seller is also willing to sell the business-only for $109,000 + inventory with rent at $2,000 NNN!

Depending on the buyer's credit and personal financial statement, Bank is more than willing to finance the property, inventory, and closing costs for 30% down or $140,000! Your mortgage payment will only be approximately $2,353 per month!

Seller purchased two nearby lots to avoid competition. Seller is packaging those lots to the Buyer as part of the deal!

Exit location right off I-165! The property is surrounded by multiple residential communities, schools, and local retailers. A Magnet School, a historic performing arts high school enrolled over 750 students is located less than a mile away. Walking distance to the police station and elementary school. Traffic count is approximately 30,000 vehicles per day. Total population within 3 miles radius is over 57,000.

Asking Price for Property only $399,000 + inventory! Inventory is approximately $40,000 at cost.

Asking Price for Business-only: $109,000 + inventory! Rent will be $2,000 NNN with a 15-year lease available!

Seller is highly motivated! Make an offer today!

Market Competition:

Seller purchased two nearby lots to avoid competition.

Support & Training

Management is willing to provide training.

Reason for Selling:

Seller never visits the store because he is busy in a corporate job and family in Birmingham and cannot manage the store!

Listing ID: Mobile109k

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