Absentee-Owned Gas Station with Property in Lexington, NC 40 min from Greensboro!
Absentee-Owned Gas Station with Property in Lexington, NC 40 min from Greensboro!
Price: $1,399,000
Industry: Convenience Stores, Gas Stations
Listing ID: LEXINGTONNC1399K
Inside Sales are currently $45,000 per month at 30% margins!
Outside sales are 52,000 gallons per month averaging 30 cents per gallon for regular gas and 70 cents per gallon for diesel!
Gas Profit is over $16,000 per month!
Jobber contract is Rack +1 with 10 years remaining.
Monthly Net Profit is over $20,000 per month AFTER paying $5,500 in payroll and all other expenses!
Seller has No EBT! Huge Opportunity for Buyer to increase sales substantially by adding EBT!
Buyer also has potential to add a food truck and additional convenience items like ice cream, ice, and wine!
Property is 0.68 acres!
Building area is 1,200 Sq Ft.
Excellent location directly off of I-285!
11,000 vehicles pass by the station each day!
Local population is growing by 3% annually!
Median household income is $47k!
Close proximity to Atlas High School, Davidson-Davie Uptown Lexington Education Center, and Lexington High School with over 800 students.
Near apartment complexes like The Arbor at Cotton Grove, The Reserve At Regents Center, Fairview Village Apartments, Hilltop Terrace Apartments, Hallmark Apartments, and Club Apartments.
Close proximity to a new development coming to Uptown Lexington would bring 120 multifamily units and a senior apartment complex development with 60 apartments. Near to an Affordable Senior Living Community with over 80 units, new 64-unit subdivision development and various residential neighborhoods!
Close proximity to restaurants like Chick-fil-A, Cook Out, McDonald's, Wendy's, Christo's Original, Cracker Barrel Old Country Store, Coach's Neighborhood Bar & Grill Lexington, The Humble Plate, Elizabeths Pizza Express, Burger King, Zaxby Chicken Fingers & Buffalo Wings.
30 minutes from Winston-Salem, Greensboro, and High Point, NC! 1 hour from Charlotte, Lawsonville, NC! 1 hour 15 minutes from Hickory and Durham, NC! 1 hour 50 minutes from Raleigh, NC! 2 hours from Fayetteville, NC! 2 hours 30 minutes from Asheville, NC!
Asking Price for Business and Property: $1,399,000 plus inventory!
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: $540,000
Cash flow: $282,768
Year Established: 1984
Square Footage: 1220