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 approximately $15,000 of inside sales and generate high margins.Summer inside sales can reach approximately $90,000 per month, providing an opportunity to benefit from seasonal demand.The store includes a fully equipped kitchen with vent-a-hood, grill, and salad bar.ATM and air machine income generate approximately $1,000 per month.Outside fuel sales average 32,000 gallons per month with an 18 cent margin per gallon. Average gas 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 fees, as all credit card fees are covered by the jobber. All fuel equipment maintenance and repairs are handled by the jobber.Average net profit exceeds $14,000 per month after all expenses, including $12,000 in payroll for an absentee owner. The seller visits the store only once per week.Cap rate is 10%.An owner operator can generate more than $20,000 per month in income and further increase sales.The current manager is paid $15 per hour. The buyer may choose to retain the manager and operate the business absentee or manage the store personally.The seller is selling due to plans to move back to his home country.Store and Property Information:The seller does not currently offer lottery. A buyer has the opportunity to add lottery services and immediately increase profit and customer traffic.Building size is 3,120 square feet.Real estate is included in the sale. No landlord, no rent increases, and long term asset appreciation potential. Buyers can take advantage of 100% bonus depreciation while available.The business has an established local customer base and maintains a 4+ star Google rating, supporting consistent repeat traffic.Geographic and Demographic Details:Excellent location with easy access to US-61, providing steady local traffic and strong traffic flow from the Tunica casino corridor.Located near the Tunica casino corridor, one of the largest gaming destinations in the Mid-South, attracting regional traffic from Memphis and surrounding markets. Positioned along US-61, a major route connecting Tunica and Memphis, the property benefits from consistent local and visitor traffic.Median household income exceeds $48,000.Nearby schools, including Tunica Elementary School and Rosa Fort High School, serve approximately 2,000 students and faculty combined.Nearby hotels include Royal Inn & Suites Tunica and Days Inn by Wyndham Tunica Resorts, supporting local and regional traffic.Limited restaurant options are available for local customers. Nearby restaurants 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 is a rare opportunity to acquire a cash-flowing business along with the underlying real estate in a high-demand regional corridor with strong growth potential.