General Store, QSR, Deli, with Shell Gas, Diesel & Real Estate. for sale in Mammoth Lakes area, Mono County. Asks $2,495,000. 2,366 s/f general store plus auxiliary walk-in cooler-storage & ice making-storage buildings. Has on-sale beer & wine. No lotto/lottery. No auto repair. Has propane.
At gateway to beautiful Eastern Sierras resort areas at major highway. No competition. Surrounded by 1700+ camp sites that average 6 persons per site (per US Forest Service). .
Requires $490,000 cash plus qualification for new bank financing (SBA or conventional) of approximately $2,185,000, 6% VIR, 25 year amortized payments of $14,078 per month=85% SBA financing available..
Investment includes $2,495,000 purchase price, plus resale store & fuel inventories @ cost approximately $75,000, plus approximately $70,000 lender, licenses, transaction costs, plus $35,000 working capital in the bank.
Nets avg. $37,600+ per month/$451,000 annual. Net after $14,078 mo. debt service is approximately $23,552 month. Returns $490,000 cash investment in 1.7 years. Excellent potential for increased sales & profits.
Average monthly sales:& profits, Jan.-Dec..2017:: Fuel sales 28,500 gal. @ 60c per gal. pool margin. General store, deli, QSR sales $97,000 @ 52% gross profit. Average net cash flow for Jan.-Dec.. 2017 was $37,600 per month with owner management..
Operates 15 hours per day 7 days. New computerized fuel system, cash registers inventory control, accounting systems & checkout scanners.
Has 6 full & part-time employees. Monthly payroll & tax, workmen's comp. insurance needed to operate is approximately $20,600 per month, with full-time general manager; $17,200 per month with owner management.
Clean site. No contamination.
Present ownership since 2003. Retiring.
9/13/17 MAI appraisal $2,480,000. Owner receptive to reasonable offers.
An experienced general manager, living in the area, is available to operate the business.
For photos & reviews, google Crowley Lake General Store.