Absentee-Owned Gas Station Business-Only in Rome, GA! COAM Contract Expires Next Year!
Absentee-Owned Gas Station Business-Only in Rome, GA! COAM Contract Expires Next Year!
Price: $399,000
Industry: Convenience Stores, Gas Stations
Listing ID: ROMEGAGS399K
Inside Sales are currently averaging $55,000 per month and Outside Sales currently average 15,000 gallons per month at 20 cents margin per gallon!
Lottery Commission is $1,300 per month and Game Machine commission is $9,000 per month one-side!
COAM CONTRACT EXPIRES NEXT YEAR and Jobber Contract expires in 3 years! Lease allows you to sign a new COAM contract and new Jobber Contract without Landlord approval as long as the new contract term is within the remaining 13 years of the lease term.
Net Profit is nearly $14,000 per month AFTER paying $7,000 in Payroll and all other expenses! There is a MASSIVE opportunity for an Owner-Operator to take over and increase profits even more!
Rent is $5,500 NNN per month with 13 years remaining on the lease! Lease includes a First Right of Refusal for the Property!
Very limited food options close by to this store, presenting a HUGE opportunity to add deli and/or hot and ready food products to boost sales! All food options are over 20 minutes away!
Building area is 2,400 SF!
Local population is growing by 2% annually! Median household income is $58k!
Average traffic count of 5,340 vehicles passing by the station each day!
Nearby colleges like Georgia Highlands College, Shorter University, Rome College and Career Academy and Berry College collectively serve over 4,000 students. Nearby K-12 schools like Model Elementary school, Model Middle School, Model High School, Main Elementary School, and Unity Christian School collectively serve over 2,000 students.
Close proximity to a Frito-Lay distribution center!
Restaurants like Log Cabin SmokeHouse, Bella Roma Grill, Pick O Deli Cafeteria, El Zarape Mexican Restaurant, Schroeder's New Deli, Harvest Moon Cafe and Las Palmas are all far enough away that food sales in this store would be unaffected!
Near apartment complexes like Ashland Park Apartments, Claridge Apartments, RiverPoint, The Maxwell, and The Grove at Six Hundred Apartment Homes.
Close proximity to condominium complexes like Village At Maplewood, The Enclave on 2nd, and Ashley Manor Towne Houses.
Near a new mixed-use development, which will include a multifamily residential community with 200 garden-style homes, 250 apartments, and retail space. Also close to another development featuring over 450 single family homes on 300+ acres.
1 hour 20 minutes from Atlanta, GA and Chattanooga, TN! 2 hours 15 minutes from Birmingham, AL and Huntsville, AL!
Asking Price for Business-Only: $399,000 plus inventory!
View Our Listing Video on YouTube!
https://www.youtube.com/watch?v=1jr95OVRDsc&feature=youtu.be
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Gross Revenue: $660,000
Cash flow: $166,632
Monthly Rent: 5500
Square Footage: 2400