Businesses for Sale

Convenience Store with Gas in Monterey Area

 

Food Business Retail - Food Retail Snacks

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Contact Information

Flora Chong
CBB, REALTOR
Business Team

phone: (831) 372-5888
CONTACT US TODAY


Status Active  
Listing ID M1235
Listed Price $299,000
Down Payment $299,000
SDE $44,576
Total Sales $951,826
Training Offered 2 weeks
Non-Compete Years for 5 years
Non-Compete Radius3 miles

Asset Info

Included in price
Not included in price


Reason For Sale

pursuing other enterprise


Operations

Year Established 1940
Form of Ownership S Corp
Absentee Owner N
Franchise N
Days & Hours Sun-Thur 7-11 pm; Fri 7-Midnight; Sat 8-Midnight
Years Owned 4
Business Age 73

Location

Central California
Type of Location
Lease Expires
Security on Lease
Location Comments

Executive Summary

Business Description

This is a convenience store & gas station on a very busy main street just a few blocks from the bay. Nearby are a grand hotel, several motels, and a major tourist destination. The station is branded independent with few competitors around. The business has a type 20 Off-sale Wine & Beer license and also sells snacks, chips, soda & beer & wine, hardware tools, and auto parts. Sales are also made to visitors and tourists- from flip flops to sand pails.  The mini market  inventory, not included  is about $55,000. The building is 2385 SF on a 0.49 acre lot. There is a 13-door beverage walk-in cooler and a spacious office. The business is owner operated in the daytime with an employee covering evening shift and weekends. In 2010, revenue averaged $36,000/month for the mini-mart. The gas station has 1 island, 2 multi-fuel dispensers, & two 7,500 gallon underground tanks. All the equipment has been updated to meet current EVR codes. Rent is $3627/month +NNN. There is an option to buy the real estate. Here is a chance to work and play in one of the most beautiful coastal locations. Please do not talk to the employees. The sale is confidential.