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Listing Details - Convenience Store/Gas Station in Hot Springs, Arkansas
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Convenience Store/Gas Station in Hot Springs, Arkansas
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Hot Springs, Arkansas - Arkansas, Garland
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
74619 |
| Status: |
Active |
Listing Details
| Listed Price: |
$790,000 |
| Down Payment: |
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| Total Sales: |
$2,342,607 |
| SDE: |
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| EBIT: |
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| EBITDA: |
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| FFE: |
$75,000 |
Included? Yes |
| Real Estate: |
$425,000 |
Included? Yes |
| Inventory: |
$30,000 |
Included? No |
| A/R: |
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Included? |
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| Reason for Sale: |
Career Change |
| Training: |
Owner available for 30 days training/transition assistance post close. |
| Financing Terms: |
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Operations
| Year Established: |
1975 |
| Last Acquired: |
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| Form of Ownership: |
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| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
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| Absentee Owner: |
Yes |
| Online: |
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| Employees: |
Full Time: 3 / Part Time: |
| Managers: |
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| Hours: |
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| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
4000 |
| Facilities: |
Located on 3.4 acres with 6 tanks and a 4000 square foot building with c-store and studio apartment. Approximately 800 sq ft is currently vacant (previously a video store) and could be sublet or used to expand convenience store. Also includes a 3 bay self-serve carwash. |
Summary
| Business Description: |
Now is the time to buy this recently remodeled convenience store/gas station as heavy tourist season begins in May.
2011 sales averaged 32,000 gallons/mo and $63,800 inside sales/mo. while ramping up from Nov 2010 reopening.
[Note: Jan 2012 sales are up 50% over Jan 2011.]
Ideal location on major highway in lake resort area with approximately 500 feet of highway frontage.
2011 remodeling includes interior renovation, new signs, new credit card/passport system at pumps, new remote video security system and upgraded deli area.
Owner has been absentee. New owner could immediately improve performance of the location.
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| Historical Summary: |
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| Owner Qualifications: |
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| Competition: |
Excellent location on a major highway. Limited competition. |
| Potential Growth: |
Absentee owner has devoted the money but not the time to building the business. 800 square feet of finished out building is currently unused and available for c-store expansion or sub-letting. Additional acreage could be used for another business, e.g., expand existing carwash, mini-storages, etc. |
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