Absentee-Owned Gas Station With Property In Tunica, MS

Description

Inside sales average approximately $70,000 per month with a 35% margin. Deli sales account for about $15,000 of inside sales.Summer inside sales average approximately $90,000 per month.The store includes a fully equipped kitchen with a vent hood, grill, and salad bar.The ATM and air machine generate approximately $1,000 per month.Outside fuel sales average 32,000 gallons per month with an average margin of 18 cents per gallon. Average fuel profit exceeds $5,700 per month.The jobber contract operates on a 50/50 commission split with 16 years remaining. The seller pays no credit card processing fees, as these are covered by the jobber. The jobber also handles maintenance and repairs of the fuel equipment.Average net profit exceeds $14,000 per month after all expenses, including $12,000 in payroll. The business is operated by an absentee owner who visits the store once a week.The cap rate is 10%.An owner-operator has the opportunity to earn more than $20,000 per month while increasing sales.The current manager is paid $15 per hour. The buyer may retain the manager or operate the business directly.The seller is selling because of plans to return to their home country.Store and Property Information:The business does not currently offer lottery sales, providing an opportunity to add this revenue stream.The building is 3,120 square feet.The sale includes the real estate, eliminating landlord and rent concerns while providing long-term ownership of the property.The business has an established local customer base and maintains a Google rating of more than four stars.Geographic and Demographic Details:The property has convenient access to US-61, serving both local traffic and travelers from the Tunica casino corridor.Located near the Tunica casino corridor, the business benefits from regional traffic from Memphis and surrounding areas.Median household income exceeds $48,000.Nearby schools, including Tunica Elementary School and Rosa Fort High School, serve approximately 2,000 students and staff.Nearby hotels include Royal Inn & Suites Tunica and Days Inn by Wyndham Tunica Resorts.Restaurant options in the area are limited and include Subway, Waffle House, Church's Chicken, and Blue & White Restaurant.The property is less than one hour from Memphis, Tennessee, less than 40 minutes from Southaven, Mississippi, and approximately three hours from Jackson, Mississippi.This opportunity includes both an operating business and the underlying real estate in a regional market with growth potential.