Price Reduced! Gas Station with Property & Storage Units in Bassett, VA One Hour North of Greensboro, NC!
Price Reduced! Gas Station with Property & Storage Units in Bassett, VA One Hour North of Greensboro, NC!
Price: $1,500,000
Industry: Convenience Stores, Gas Stations
Listing ID: BASSETTVAOUT1500K
Inside Sales are over $50,000 per month! August 2024 generated over $60,000 in sales!
Outside Sales are 10,000 gallons per month at an average of 35 cents per gallon!
Storage Unit and Mobile Home Rental Income is $3,900 per month!
Game Machine Commission is $3,000 per month! ATM and Check Cashing Commission is over $1,000 per month! Lottery Commission is currently $422 per month. Vending machine commission is $250 per month!
Net profit is nearly $17,000 per month AFTER paying $7,674 in Payroll and all other expenses!
First quarter 2024 sales are UP by 26%!
NO Jobber Contract!
Store Information:
OVER 2.5 acres included in sale! Main Property is 2.17 Acres PLUS income generating 0.39 acre mobile home property located directly across the street!
Main Store is 2,800 SF with Basement! Restaurant/Bar is an additional 2,080 SF with a Basement Garage!
Full kitchen included! The bar & restaurant space closed since covid but still fills select orders and serves select patrons at the bar! HUGE opportunity to revamp restaurant space for additional income! Includes 2 pool tables!
Minimal competition! Closest store is 2.2 miles and the second closest store is 6 miles away! Closest store 2.2 miles away does not sell alcohol!
High visibility corner lot with over 800 Ft of frontage!
INCLUDES 4 underground storage tanks with 4,000, 6,000, 8,000, and 10,000-gallon capacity with fiber walls! Gas pumps are not pay-at-pump.
INCLUDES a fully operational generator that can power the entire site including gas pumps!
MASSIVE OPPORTUNITY FOR ADDITIONAL INCOME STREAMS:
Store is only open from 7 AM to 9 PM Monday to Saturday and 8 AM to 8 PM Sunday. Plenty of room to expand hours!
Property currently has 57 storage units with the ability to partition 3 units for 60 total units! Second phase of storage units were just completed in 2024! At max capacity, units will generate over $4,100 monthly plus admin fees!
HUGE opportunity to add additional storage on property for Boat and RV/Campers. High demand due to nearby State Parks and Philpott Lake. Seller estimates 22 additional large units will generate an extra $5,500 per month plus admin fees!
Store has a walk-in freezer in the kitchen and an 18-door walk-in cooler! Large basement provides an opportunity to add temperature-controlled storage units! Buyers can easily create 15 units in this space and rent for additional income!
Basement space can also be converted into a Laundromat, Flea Market, or any other retail use! Tons of flexibility!
Restaurant dining area is separate from the bar and can be used as an event space!
Geographic & Demographic Details:
Median Household Income is $37,465.
Average traffic count of 1,400 vehicles passing by the station each day!
Close proximity to popular camping grounds and Philpott Lake.
1 hour from Roanoke, VA and Greensboro, NC! 2 hours from Durham, NC! 3 hours 30 minutes from Richmond, VA! 4 hours 20 minutes from Norfolk, VA!
Price Reduced to Seller's Bottom Line of $1.5M 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: $600,000
Cash flow: $204,000
Days & Hours of Operation: Store is only open from 7 AM to 9 PM Monday to Saturday and 8 AM to 8 PM Sunday.
Owner Hours Per Week: Store is only open from 7 AM to 9 PM Monday to Saturday and 8 AM to 8 PM Sunday.
Square Footage: 4880
Potential Growth:
Property currently has 57 storage units with the ability to partition 3 units for 60 total units! Second phase of storage units were just completed in 2024! At max capacity, units will generate over $4,100 monthly plus admin fees!
HUGE opportunity to add additional storage on property for Boat and RV/Campers. High demand due to nearby State Parks and Philpott Lake. Seller estimates 22 additional large units will generate an extra $5,500 per month plus admin fees!
Store has a walk-in freezer in the kitchen and an 18-door walk-in cooler! Large basement provides an opportunity to add temperature-controlled storage units! Buyers can easily create 15 units in this space and rent for additional income!
Basement space can also be converted into a Laundromat, Flea Market, or any other retail use! Tons of flexibility!
Restaurant dining area is separate from the bar and can be used as an event space!