Dry Gas Station with Property in Hickory Flat, MS

Description

Gas station and convenience store for sale with seller financing available. Revenue comes from inside store sales, fuel, a recently added café, lottery commissions, ATM income and an air machine.

Financing

• Buyer down payment: $500,000 plus inventory
• Seller financing: $100,000 at 7% interest
• Seller-financed portion carries a three-year balloon payment
• Additional $500,000 financed through the previous seller's existing note
• Existing note carries 0% interest
• Balloon payment due on or before February 1, 2029

The seller states that the existing $500,000 owner-financing note is transferable. Buyers should review the original loan documents and obtain written confirmation of the transfer or assumption terms before closing.

Inside sales

• Average inside sales: approximately $75,000 per month
• August 2025 inside sales: approximately $73,000
• August 2025 vape sales: approximately $13,500

Vape products represent a meaningful portion of store revenue. Buyers should review margins, inventory levels and applicable age-verification and product requirements.

Café

The café opened in March 2026 and is currently producing approximately $13,000 in monthly sales.

Because this part of the business has a limited operating history, buyers should review monthly sales, food costs and labor before projecting a full year of café revenue.

Fuel

• Average fuel volume: approximately 50,000 gallons per month
• Average stated margin: approximately $0.15 per gallon
• Rack+1 jobber agreement
• Approximately seven years remaining on the jobber contract

At the stated volume and margin, fuel generates approximately $7,500 per month in gross margin before any applicable fuel-related expenses.

Other income

• Lottery commission: approximately $1,000 per month
• ATM commission: approximately $250 per month
• Air machine commission: approximately $150 per month

The seller states that the property is located in a dry county and alcohol sales are not permitted.

Profit and owner involvement

• Reported net profit: approximately $22,000 per month
• Payroll: approximately $6,000 per month
• Owner involvement: approximately 20–30 hours per week

The reported net-profit figure is stated to be after payroll and other operating expenses. Buyers should confirm it through tax returns, bank statements, POS reports, fuel statements and expense records.

Property

The building contains approximately 2,561 sq. ft. Buyers should confirm whether the real estate is included in the asking terms and, if so, review title, property taxes, zoning, building condition and environmental history.

Area

• Seller-reported population growth: approximately 2% annually
• Seller-reported median household income: approximately $34,000
• Approximately one hour from Memphis, Tennessee
• Approximately 2 hours 20 minutes from Birmingham, Alabama

Population, income and drive-time information should be independently verified if material to the acquisition.

Reason for sale

The owner is selling to reduce business commitments and spend more time with family.

Due diligence

Buyers should verify inside sales, vape revenue, café performance, fuel gallons and margins, lottery and other commissions, payroll, net profit, inventory, equipment ownership and historical financial statements.

Additional review should cover the transferable $500,000 financing note, the February 1, 2029 balloon date, the seller-financed note, jobber agreement, underground storage tanks, environmental records, fuel-system compliance, food-service permits, lottery authorization and tobacco or vape-product requirements.