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Asking Price: $249,000

Absentee-Owned Gas Station Business in Summit, MS

Summit, MS
Not disclosed

Absentee-Owned! Store is currently being run by employees only. HUGE opportunity for an Owner-Operator to reduce payroll and take home additional profits!Inside Sales are an average of $65,000 per month! Inside Sales increase to $70,000 during Summer months!Outside Sales are average 18,000 gallons per month with an average margin of 20 cents per gallon for gas and 40 cents for diesel!Rent is only $3,000 per month TOTAL with 8 years remaining on the lease! Seller does not have to pay property insurance nor property tax!Lottery Commission averages $900 per month! ATM commission averages $400 per month!Net Profit is nearly $15,500 per month AFTER paying $4,000 in payroll, $3,000 in rent, and all other expenses!Seller used to do Check Cashing when he ran the store full time and stopped after moving nearly 2 hours away from the store. Factory nearby contributed significantly to Check Cashing Commission! Owner-Operator can bring back Check Cashing!Store & Property Information:NO JOBBER CONTRACT! Remain independent or secure a long term deal!Store is equipped with 2 brand new pumps, new fiberglass line, and new POS system!Store is only open 15 hours a day!Very limited gas stations and food competition nearby! Seller currently does not offer deli or hot and ready food items. Store has space to add a deli! HUGE opportunity to add hot food at high margin sales!Seller has had the business for more than 7 years! Business has been absentee since Seller moved nearly 2 hours away more than 3 years ago.Recently replaced AC unit and walk-in cooler compressor!Store is on a corner lot with two-road access!Geographic & Demographic Details:Median Household Income is $43k, providing a high demand customer base! Nearby K-12 Schools like North Pike Senior High School, North Pike Elementary School, North Pike Upper Elementary School, Higgins Middle School and McComb High School collectively serve over 3,000 students and faculty.Southwest Mississippi Community College is nearby and serves over 1,900 students and faculty!Close proximity to apartment complexes like Shadowwood Estates, Community Park Apartments, Marion Manor Apartments, Pine Terrace Apartments, Timber Ridge Beauty Salon, Delaware Garden Apartments, The North Gate, and Willows and Pineview Apartments1 hour 30 minutes from Baton Rouge, LA! 1 hour 45 minutes from New Orleans, LA! 2 hours 40 minutes from Jackson, MS! Asking Price for Business-Only: $249,000 plus inventory! Inventory is guesstimated to be $70,000 at cost.

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Cash Flow $186,000
Revenue $780,000

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