No COAM Contracts! Two Recently Shutdown Gas Stations Business-Only Bundle in Bainbridge, GA! Combined Inside Sales were $180K Per Month!
No COAM Contracts! Two Recently Shutdown Gas Stations Business-Only Bundle in Bainbridge, GA! Combined Inside Sales were $180K Per Month!
Price: $225,000
Industry: Convenience Stores, Gas Stations
Listing ID: BAINBRIDGE2STOREBUNDLE225K
Landlord had a partnership deal with a previous tenant. Store used to be managed by the tenant but the landlord had to evict the tenant for violating the terms of the lease and partnership agreement. Stores were only recently shutdown beginning of September! Huge Opportunity for Buyer to reopen the stores and generate the same high-volume inside sales!
No COAM Contracts at both stores!
First Gas Station used to generate Inside Sales of $133,000 per month with a lottery commission of $1,200 per month! Gas sales were nearly 35,000 gallons per month!
First Gas Station's Net profit was over $15,000 per month AFTER paying $12,800 in Payroll and all other expenses!
Second Gas Station used to generate Inside Sales of $46,000 per month with a lottery commission of $1,370 per month! Gas sales were over 15,000 gallons per month!
These sales figures are based on 3 WINTER months from November 2022 to January 2023! Landlord can provide these 3 months sales reports during your official due diligence once under contract!
Rent for the First Store is as follows:
Months 1-3: $6,000 NNN
Months 4-8: $8,000 NNN
Months 9-11: $11,000 NNN
From Month 12 onwards: $12,000
Rent for the Second Store is as follows:
Months 1-3: $3,000 NNN
Months 4-11: $5,000 NNN
From Month 12 onwards: $5,500 NNN
No Jobber Contracts at Both Stores! Buy Gas from any Jobber! Landlord will not allow any new jobber contracts on the properties.
1 hour from Tallahassee, FL and Thomasville, GA! 1h 30 min from Valdosta, GA! 2 hours from Columbus, GA! Only 30 mins from the Alabama border and 10 min from the Florida border!
Near to Gadsden Technical College, The University of Georgia College of Agricultural and Environmental Sciences, Abraham Baldwin Agricultural College-Bainbridge Campus with over 3,736 students, and Southern Regional Technical College Bainbridge.
Near to a $1.2 million Rural Downtown Redevelopment which will include two playgrounds, a splash pad, a grand staircase, and a new memorial fountain destination.
Average traffic count of 5,000 vehicles passing by each station per day!
Asking Price for Two Business-only Gas Stations: $225,000 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: $2,163,600
Cash flow: $239,388
Reason For Sale:
Landlord had a partnership deal with a previous tenant. Store used to be managed by the tenant but the landlord had to evict the tenant for violating the terms of the lease and partnership agreement.
Monthly Rent: 9000