NAME: Confidential
LOCATION: North Central Minnesota
TYPE: Gas, Convenience store and Deli
YEARS IN BUSINESS: 1 ½ years – Owners health forces sale
LAND AREA: 125 X 150 or 18,750 sq ft
BUILDING: 60 X 44 SF Block & Wood frame built in 1996
REVENUE SOURCES: Fuel, groceries, Deli (Broasted Chicken), lottery, propane
exchange, coffee/cappuccino fountain.
GALLONAGE: Unleaded 138,533; Midgrade 5,373; Premium 8,913; Diesel
16,910
STORAGE: 10,000 Unleaded; Midgrade 3,000; Premium 5,000; Diesel 3,000;
Underground – up to code
# OF PUMPS: 6 nozzles
ENVIRONMENTAL ISSUES: None
EMPLOYEES: 1 Full time besides owner, 5 Part time
HOURS: 7:00 am to 8:00 pm in the Winter; 7:00 am to 9:00 pm in the
Summer;
Pay at Pump 24 Hours
UTILITIES: All City Services HVAC: Propane – New
Air – New Furnace
INVENTORY: $26,000 end of 2006 + Fuel
INSIDE SALES: $353,916, includes lottery of $31,009
GROSS INCOME: $839,531
ASKING PRICE: $449,500 $389,500
plus inventory TERMS: Cash or New Financing
COMMENTS: This is a branded convenience store with new digital signage
and top notch deli business. This is a super clean, updated store with neat
and clean displays. Gas sales have increased with recent addition of Cenex
name and brand. Possible expansion with additional land becoming available.
Letter of Confidentiality required of all prospects.