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Cincinnati West Side Convenience Store with 3 Acres - $1.2 Mil Sales

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This convenience store sells no gas. It is a drive thru convenience store selling beer, wine, pop, and groceries.
Price:
$599,000
Details:

This popular carryout and drive thru (no gas) has been established for over 40 years and owned and operated by the soon to be retired seller for over 20 years.  Owner income exceeds $100K so asking price is less than 2x owner income.   There is over 300 feet of frontage on a major street with the property extending back 600 feet.  The entire real estate package is appraised at $350,000 which is included in the asking price.  This area is prime for development as the drive thru takes up very little space on the property.  There is plenty of room to add a pizzeria, car wash, laundromat, coffee shop, etc. The sales break down as follows: beer sales of $170K, grocery sales of $332K, lottery sales of $538K, money order sales of $128K, wine sales of $11K, and phone card sales of $21K.  There is a good cross section of customers who buy everything from Milwaukee’s Best to Michelob.  This is a safe neighborhood of over 33,000 people who have looked to this business for a lot of their needs. 

Store Sales:
1,200,000
City, State:
Cincinnati, Ohio

All items created by seller in this section
Cincinnati West Side Convenience Store with 3 Acres - $1.2 Mil Sales This convenience store sells no gas. It is a drive thru convenience store selling beer, wine, pop, and groceries.
SOLD Rural Gas C-Store Pizza $5 Mil Sls Motivated Seller Make Offer Email response only. Profitable, growing, Gas, C-Store, Pizza. $5 million in sales, $300,000 cash flow. Motivated seller very open to cash offers. Store is located on a major state highway in rural Central Ohio. Store caters to hunters and sportsman in the area and is the only store for several miles in any direction. . Company has a great reputation for customer service among locals. Store sits on 3+ acres and includes real estate. Additional acreage is available for expansion. Gas pumps installed in 1999 and company has clean EPA inspection. Store is a 3,000 SF building with additional storage units. Store sells about 100,000 gallons of gas a month. Has a 10,000 gallon storage tank for regular, 8,000 gallon storage tank for premium, and a 4,000 gallon storage tank for diesel. Owner has other business interests and is moving out of state. Seller is very motivated and open to cash offers. No seller financing is available. Financing has been approved for a buyer with $300-400,000 cash down payment. Ideal for hunter or sportsman. Email responses only, no calls. Greg@VRqueenCity.com Sales breakdown: gas $3,050,000 lottery $320,000 Tobacco $316,000 Beer $200,000 Pizza $ 211,000 Chicken $120,000 Soda/Misc drinks $150,000 Other food $190,000