Profile: Arco Am/Pm W/ Wash, RE Imp. 3,600,000. Fwy Exit. Nt 396K. Super Terms!
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$3,600,000 |
| Down Payment: |
$1,250,000 |
| Annual Revenue: |
$11,136,000 |
| Annual Adjusted Net: |
$396,000 |
| Price Range: |
Over $2 Million |
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| Franchise: |
Yes |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
Yes |
| Bkr To Bkr Coop: |
No |
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Description:
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Arco Am/Pm. Major Fwy Exit. Area Of Fwy 60 & I-15, Riverside Co. 3,600,000. Includes 2,300,000 RE Improvements, 50,000 Equipment. 1.22 Acre Lot (53,143 S/F). Land Lease Has 34+ Years Remaining. Mo. Rent 9,300nnn. 2,800 S/F Mkt. Self-Serve Car Wash.
Super Fwy Exit Location. Can Add Fast Food, Expand Car Wash, Increase Market Gross Profit To 37%. Am/Pm Franchise Expires In 2011. Renewable Per Fed. Pmpa. If Desired, Station Could Be Rebranded In 2011. Am/Pm Has 8.5% Market Sales Royalty & Advertising; No Royalty Or Advertising On Fuel Sales. Has Ca Abc Lic. (Beer & Wine). Also Lotto/Lottery.
2008 Average Month Sales & Net: 158,000 Gal/Mo. @ 17c Gallon Pool Margin. Market Sales 151,000, W/O Lotto, @ 34% Gp. Car Wash & Other Income 6,200 Mo. Nets 33,000 Mo. Good Financial Records Support. All Sales Are Net After Sales Tax Is Deducted.
Requires Apprx. 1,250,000 Cash Downpayment For Business, RE Improvements (Everything But The Dirt), Inventories, Fees, Transaction & Lender Costs, Working Capital. Also Good Credit & Sufficient Financial Strength For Seller To Carry Aitd For Apprx 2,535,000, 30 Yr Amortized Payment, 5 Year Term, 5.25% (Wsjp + 2%), 14,000 Initial Mo. Payment.
No Arco Deed Restrictions Or Repurchase Options--This Business & RE Improvements Will Qualify For SBA Financing. (Current Seller Loan Is SBA Loan.)
Return Of 1,250,000 Cash Investment In Apprx 5.5 Years With Apprx 19,000 Mo Net (33,000 Less 14,000 Loan Payment). Plus Great Tax Depreciation & Amortization Benefits! Seller Will Help Finance--Will Carry Secondary Note For Part Of Purchase Price, Secured By Business & RE Improvements.
8 Gas Noz. & Fueling Positions. 2 Islands. No Bays Or Auto Repair Service. 4 Quik Pay Cash Machines On Islands. 36K Underground Double-Wall Steel Fiberglass Tanks. Underground System Has Electronic Monitoring & Meets All Current Code Requirements. Has Healy Evr System.
Mo. Payroll Needed To Operate Is Apprx. 16000, W/ 8 Full & Part-Time Employees & Owner Working At Site 40 Hrs Per Week. Operates 24 Hrs, 7 Days. Computerized Fuel System (With Prepay), Cash Registers, Inventory Control & Accounting Systems, & Check-Out Scanners. Other Major Monthly Expenses: Land Lease 9,300. Arco Royalty & Advertising 12,835. Insurance, Supplies, Maintenance & Utilities 8,400. Miscellaneous 3,630, Property Taxes 1,250.
Summary Of Transaction Costs: Purchase Price 3,600,000. Fuel & Market Resale Inventories @ Cost Apprx. 100,000. Am/Pm Training (5 Weeks In So Ca--Good For 1 Or 2 Persons) 15,000. Arco Fuel & Royalty Deposits 40,000. Working Capital 30,000. Total 3,785,000.
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