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Kirk F MacKenzie
1477 Gas & Mart
$1,050,000

This is an already hi-volume branded gas station that will undergo a substantial remodel projected to more than double monthly sales, from 200,000 gals. and $85,000 in mart sales, to 500,000 gals., $150,000 mart, and $20,000 in carwash sales. The plan involves 2 steps. First, the franchisor will sell the real estate to the dealer for $1,325,200. Then, the dealer will complete the remodel at an estimated cost of $3.0M, of which the franchisor will provide $880,000. C U P is ready, building plans have been submitted to the city, and permits are expected in 1Q2000. The ideal Buyer would have construction experience and get the developer’s profit. However, the current Seller offers 3 options: (1) Buy the business from the Seller for $1,050,000, then complete the R.E. purchase and remodel yourself. (2) Buy the business + R.E. from the Seller for $2,500,000, and do the remodel yourself. Or (3) buy the completed station with R.E. for $5.8M. Whatever option is chosen, the Buyer will ultimately own the improved business and real estate.

Disclaimer: This information has been provided by the Seller and is SUBJECT TO UPDATE WITHOUT NOTICE. Broker and agent do not verify information, expressly disclaim any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Any agreement or decision by a buyer to pursue this business should be based on the Buyer's own due diligence, and buyers are encouraged to seek professional assistance as required.
2010-07-29 07:45am PDT