Long-standing Gas Station & C-Store (Semi-Absentee)

This is an incredible opportunity to purchase a well established and profitable gas station / convenient store that has been in operation for numerous decades and under the same ownership since 2001.

The business is situated off of a major cross street on a corner lot and benefits from great traffic exposure and high visibility. It is also ideally positioned in very close proximity to both the 41 Freeway and Downtown Fresno. The surrounding area is densely populated by a healthy mix of both residential housing and other commercial businesses.

The station is currently unbranded, so there is great upside potential in converting it to a flagged location. It is equipped with 2 MPDs with 4 fueling positions at present, however the seller has plans for 3 upgraded MPD’s and a new Canopy which he will be happy to provide to the buyer.

The business has consistently strong year over year financials and earns approximately $150,000 / mo in top line sales. $105k is from inside C-Store sales, complemented by fuel sales of $45-50k. The C-Store also holds a Type 20 Beer & Wine license which is included in the sale.

Additional revenue streams can also be added to further tap into the upside under a new owner, such as: ATM, Check Cashing, Moneygram, providing a wider selection of food/beverage/tobacco items, as well as stretching the business hours.

The store is semi-absentee operated with the owner devoting half the week to being on site, and having it employee run the other half of the week. There is additional upside in running the store fully owner operated and decreasing the payroll burden.

The current owner negotiated favorable lease terms with the landlord. A fresh 20 year lease agreement was executed in November which is set to expire in 2043, so the Buyer's interests are well protected. Base Rent and NNNs equate to a very manageable $3400 / mo in total monthly rent expenses (only $1.25 / sf), which aid in sustaining the business’s profitability. Additional option periods are possible upon lease assignment to the new owner.

The owner maintains clean books and the business is SBA approved, which could qualify it for as little as 10% down (contingent upon Buyer's creditworthiness and existing financials). An ideal opportunity for investors seeking a turn-key and profitable operation with substantial growth potential. All of the client base and infrastructure is already in place so it's prime for a new owner to step in and seamlessly take over.

*Listing Photo is not representative of the actual business.*