Citgo Gas Station North St Petersburg!!
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FORMER 7 ELEVEN GAS STATION!! This large Citgo gas station is located on the north side of St Petersburg in a busy residential area. The convenience store sales average $60,000 per month not counting Lottery. The Lottery brings in an extra $3,000 per month in profit. The store sells many high margin items which is why the profit margin is higher than most other stores. There is an unused deli area that the new owner can open to increase sales. The gas station averages 20,000 gallons per month on a commission basis. You earn 5 cents on a cash gas sale and 15 cents commission on a credit card gas sale. Additional income from the ATM, Bit Coin machine, Air/Vac, and rebates. The gas company owns the property and is responsible for all environmental issues, tanks, pumps, roof, canopy, canopy lights, landscaping, and parking lot. Please call Mark Laurie with Property Business Brokers at 407-491-6065 for more information or to schedule a showing.
About the Business
- Facilities & Assets
- Long 5 year lease with two 5 year options to renew. Current base rent the seller is paying is $6,500 per month plus taxes and insurance of $2,293. All pumps and tanks are up to code and gas company responsibility.
- Market Outlook / Competition
- The current hours of operation are 5:00 am - 11:00 pm. You can earn an extra $1,000 per quarter in bonus rebates if you do well on your inspection. The gas company does require a gas security deposit of $30,000 - $40,000 that you will get back when you sell the store in the future.
- Opportunities for Growth
- The easiest way to increase the sales is to open the deli area.
About the Sale
- Transition Support
- The gas company will require an 8-day training class in Tampa (cost $950). The seller will train you as well.
Listing Info
- ID
- 2543108
- Listing Views
Listing ID: 2543108 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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