Valero Gas Station & C-Store, Bellmore

About this opportunity

A busy Valero gas station and convenience store off Sunrise Highway in Bellmore. This is a sale and assignment of the business only; no real estate is included. It is a dealer-supplied (DTW) site, not a commission site, so you keep the fuel margin, which is high thanks to Valero's competitive pricing and little nearby competition.

The station averages 125,612 gallons a month over the last 6 months, 122,817 over the last 12 months and 121,618 over the last 24 months, at a blended margin of close to 30 cents a gallon. Inside sales (not counting lotto) average $60,111 a month over the last 6 months, $59,281 over 12 months and $57,898 over 24 months. Lotto sales average $60,503 a month over 6 months ($3,634 a month in commission at 6%) and $57,491 over 12 months ($3,410 a month). Net earnings after all expenses average $21,116 a month over the last 6 months and $20,002 a month over the last 12 months. Income and expense records are available.

The station runs 24 hours. The records show that the overnight shift costs more in payroll, utilities and insurance than it earns, so dropping it could add about $3,000 a month, taking monthly net from about $21,000 to $24,000. The current owner has kept the shift only because he is selling. The broker can explain this in detail, with supporting documents.

The lease is triple net at $18,000 a month, with property tax included, and 12 years remaining plus renewals. The price of $699,000 is below a 3-year ROI valuation of $762,000, and the numbers are backed by records. On top of the price, the buyer pays a $60,000 transfer fee to the landlord/Valero (non-negotiable), a $40,000 refundable gas deposit, a $40,000 refundable security deposit and inventory at cost. Besides the multi-site requirement, approval as a Valero dealer needs a clean background, experience, acceptable credit and reserves. The location, income and expense records, pictures and videos are shared only with buyers who provide acceptable proof of funds.

Highlights

• Net earnings about $21,116/mo (6-month average)
• About 125,612 gallons a month at close to 30 cents/gal
• About $60,111 a month in inside sales, plus lotto
• Not a commission site: you keep the fuel margin
• 12 years remaining on the lease, plus renewals
• Possible extra $3,000/mo by dropping the overnight shift
• Priced below a 3-year ROI valuation of $762,000

Financial details

Asking price

$699,000

Real estate

Business only

Fuel volume

125,612 gal/mo

Fuel brand

Valero

Inside sales

$60,111/mo

Monthly rent

$18,000

Lease

12 years remaining + renewals; triple net, property tax included

Fuel volume (6 / 12 / 24-month avg)

125,612 / 122,817 / 121,618 gal/mo

Fuel margin

Close to 30 cents/gal blended (6 and 12 months); DTW, not commission

Inside sales (6 / 12 / 24-month avg)

$60,111 / $59,281 / $57,898 per month (excludes lotto)

Lotto sales (6 / 12-month avg)

$60,503 / $57,491 per month; 6% commission = $3,634 / $3,410

Net earnings (6 / 12-month avg)

$21,116 / $20,002 per month after all expenses

Transfer fee

$60,000 to landlord/Valero, non-negotiable

Gas deposit

$40,000, refundable

Security deposit

$40,000, refundable

Inventory

Extra, at cost (to be determined)

Pricing

Below a 3-year ROI valuation of $762,000

Figures are provided by the seller and have not been independently verified. Buyers should perform their own due diligence.