SOLD: Store is located on the downtown local college campus and has great foot traffic . Sales have increased every year and continues to do so. Store has free private parking for owner and employees.| Listing No: MBFS-610305131 | |
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| Category | : | Convenience Stores | SIC | : | 5411 | |
| Detail | : | C-Store Only | Price | : | 279,000 | |
| County | : | Travis | Down | : | 279,000 | |
| State/Prov | : | Texas | Adj Net | : | 105,896 | |
| Country | : | USA | Sales | : | 794,810 | |
| Reason for Sale | : | Wants to pursue other options |
| General Location | : | Travis County |
| Organization Type | : | Foreign Corp 'Sub S' Hours Owner Works: 25 |
| | : | Years Established: 2 Years Owned: 2 Emp FT: 0 Emp PT: 4 Mgrs: 1 |
| Non Compete | : | Miles: 1 Years: 5 Weeks Training: 2 Cost: 0 |
| Operating dys/hrs | : | Mon-Sat 9am-Midnight, Sunday noon-midnight |
| Skills/Licenses | : | Running a retail location |
| Business is | : | Relocatable: N Home Based: N Franchise: N Lender P/Q: N |
A Dozen Due Diligence issues with Convenience Stores and Gas Stations for Sale in Texas
In addition to financial matters, a buyer interested in a Convenience Store with or without a Gasoline Station for sale in Texas should consider discussing many of the following issues with the owner or their business broker:
How much competition is there from larger local stores?
A convenience store should have have a better location than its competition.
What is employee turn-over?
Relatively low pay at c stores and gas stations may make this a problem.
Can new products or services create a competitive advantage?
Additional fast food services can add margin to convenience stores. Check cashing, video poker, and lottery sales have also helped profits.
What technologies are employed?
Convenience stores are using sophisticated point-of-sale systems to better manage inventory.
Are gas station pumps in regulation?
A critical gas station issue managed by the state of Texas.
What is considered when buying inventory?
Specialty and fast moving product sales are a vital part of c store margins.
Do gas pumps compensate for temperature variation?
This is currently under review by the Texas legislature and may be a future requirement at gasoline stations.
What are the best selling services and products?
There should be a close relationship between this and customer demographics.
What are the supplier contracts?
Costs are often controlled (or are out of control) based on an existing supplier contract. This is a critical issue at all gasoline stations.
How old are the pumps?
Gas station pumps now offer pay at the pump and advertising services.
What are cigarette sales?
Tobacco sales can be 35% of a convenience store revenues.
Do Cost of Sales align with Revenues?
This is a key tax audit item for cash-based businesses such as a c store or gas station.
Resources for Texas Convenience Stores and Gasoline Stations for sale
National Association for Convenience & Petroleum Retailing
Texas Commission on Environmental Quality
How to Conduct Market Research (SBA)
Frequent Questions about Texas Sales Tax
Confidentiality Policy
As business brokers, we protect the identities of the businesses, the business owners and prospective buyers until we receive completed, signed Confidentiality Agreements and personal or corporate financial statements providing proof of the buyer’s financial competence to meet the down payment. We understand that the sale and purchase of businesses must be held in the strictest confidence to give the involved principals the opportunity to advise employees, customers and others of the transfer when they feel the time is appropriate
For additional information contact Bob Fariss
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