Profile: Arco Am/Pm W/ RE Imp. 2,195,000. Fwy Exit. Net 352K.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
James Wells, Broker
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| Primary Phone: |
951-600-9707 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/8/08 |
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| Date Last Revised: |
11/13/08 |
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| BizBen Ad #: |
127017 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$2,195,000 |
| Down Payment: |
$621,000 |
| Annual Revenue: |
$9,900,000 |
| Annual Adjusted Net: |
$351,800+ |
| 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, San Diego City, 2,195,000. Includes 1,500,000 RE Improvements. Built In 2000. 1.08 Acre Lot (47,045 S/F) Land Lease Has 44 Years Remaining. Mo. Rent 6,657nnn. Gas + Diesel. 3000 S/F Mkt. Price Also Includes Evr Healy System @ Seller Cost Of Apprx. 70K.
Super Fwy Exit Location With Room To Add Fast Food & Drive-Through Car Wash. Am/Pm Franchise Expires In 2015; Renewable Per Fed. Pmpa. 8.5% Market Sales Royalty & Advertising To Arco; No Royalty Or Advertising On Fuel Sales. Has Ca Abc (Beer & Wine) Lic.; Also Lotto & Lottery.
This Business Has Increased Significantly Despite The Economy!
2008 Average Month Sales & Net: 202,413 Gal/Mo. Gas & Diesel @ 15.2c Gallon Pool Margin. Market Sales 90,534, W/O Lotto, @ 37% Gp. Other Income 2,357 Mo. Nets 29,317 Mo. Good Financial Records Support. All Sales Are Net After Sales Tax Is Deducted.
Requiees Apprx. 621,000 Cash Downpayment For Business, RE Improvements (Everything But The Dirt), Inventories, Fees, Transaction & Lender Costs, Working Capital. Also Good Credit & Sufficient Financial Strength To Obtain New Bank Loan (Conventional Or Sba) For Apprx. 1,764,000, 25 Yr. Term, 5.5% (Wsjp Prime + 1.5%), 10,833. Mo. Initial Mo. Payment.
Return Of 621,000 Cash Investment In Apprx. 2.8 Years With Apprx. 18,484 Mo. Net After Debt Service (29,317 Less 10,833 Loan Payment). Plus Great Tax Depreciation & Amortization Benefits! Seller Will Carry.
No Arco Deed Restrictions Or Repurchase Option--This Business & RE Improvements Will Qualify For SBA Financing.
Or Take Over Existing Financing Of Apprx. 1,369,000 With Combined Monthly Payments Of 10,649. Seller Will Carry Up To 200,000, 5 Year Term, Competitive Interest Rate. Apprx 816,000 Cash Down Would Be Needed To Do So.
12 Gas Noz & Fueling Positions + 4 Diesel Noz. & Fueling Positions. 2 Islands. No Bays Or Auto Repair Service. 4 Quik Pay Cash Machines On Islands. 42K Gal. Underground Double-Wall Fiberglass Tanks. Underground System Has Electronic Monitoring & Meets All Current Code Requirements.
Mo. Payroll/Tax Needed To Operate Is Apprx. 12,000, W/ Owner Working 20-40 Hrs. Per Week At Site. 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 6,657nnn. Arco Royalty/Advertising 7,745. Insurance, Supplies, Maintenance & Utilities 6,854. Miscellaneous 2,288. Property Taxes 1,700.
Summary Of Transaction Costs: Purchase Price 2,195,000. Fuel & Market Resale Inventories @ Cost Apprx. 80,000 @ Cost. Am/Pm Training (4 Weeks In So. Ca--Good For 1 Or 2 Persons) 15,000. Arco Fuel & Royalty Deposits 40,000. Working Capital 30,000. Lender & Transaction Costs Aprx. 25,000. Total 2,385,000.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
James Wells, Broker at 951-600-9707 |
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