Seven-Eleven Gas Station Convenience Store

Seller Financing Available

Very established Seven Eleven that has been owned by the seller for 16 years. You need $265,000 in cash to own this station that earns $180,000 to $220,000 a year, and after debt service should make $150,000 to $180,000 absentee, more if you work one shift, $200,000 for the business goodwill and $65,000 for the downpayment on the 7-11 franchise fee that can be financed with 30% down and spread over 7 years, this is a rock bottom price for this fine station and is not negotiable.No further information is available without proof of funds and a non-disclosure form being signed. 7-11 and the buyer will not move without some idea that you have the cash to buy this business and can run it in the same way. The seller is very absentee and there is lots of room to improve.in many areas. There is no rent and no liability or maintenance on the tanks/pumps or equipment. Everybody gets an opportunity in life but recognizing it is another matter. It takes $2.1 million inside and about one point one galleons of gas. There is very little competition and no WaWa/Race Trac in the area. There are very little quality gas station in the Central Florida area available period, and certainly not as good as this one.
You need $265,000 in cash to own this station that earns $180,000 to $220,000 a year currently absentee, and after debt service should make $150,000 to $180,000 working absentee, more if you work one shift. A signed non disclosure form will be required by all prospects.
Option A.
Sales 2.1m at 33% GP
Gas 1,1m gallons
Own operator profit = $180,000 to $200,000 a year.
A full transfer of ownership including 7-11 franchise fee of $190,000 total payment. $200,000 for the goodwill, total cash needed $265,000.
Total purchase price $390,000 including the franchise fee and the sellers goodwill
Option B.
A full transfer of ownership without paying the franchise fee currently at $190,000 (Transfer of 99.% of the shares of the seller's company). (Goodwill $200,plus $190,000 Franchise fee, or $65,000 down payment to 7-11) $265,000 cash will be needed and 7-11 will finance over seven years, and then the buyers can transfer to their name whenever they wish after paying the balance of the full franchise fee. The buyer will then earn about $12,000 to $15,000 a month after debt service, more if he or she works one shift.
Total purchase price $265,000 plus interest on the loan to 7-11. (estimated at 6.5% to 7.5.6%.).