Major gas/diesel, General store, QSR, w/ RE $3,395,000 in East Sierras

Mammoth Lakes, CA (Mono County)

Major gas/diesel, General store, QSR, w/ RE $3,395,000 in East Sierras
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Asking Price: $3,395,000

Cash Flow: $594,000

Gross Revenue: $2,808,000

EBITDA: $594,000

FF&E: $35,000

Inventory: $110,000*

Real Estate: $1,700,000

Established: 2006

*not included in asking price.

Major gas/diesel, General store, QSR, w/ RE $3,395,000 in East Sierras

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Business Description

Reduced price. Strong upside sales & profit momentum

2,365 s/f full grocery-general store w/ deli & QSR. + 300 s/f auxiliary ice & walk-in cooler storage bldgs. Off major hwy. Mono County. Mammoth Lakes area. OWNERS WANT OFFER!

SBA financing OK--$2,979,250, 4.75% VIR, 25 yrs, $16,986mo. pymt. Need $600,000 cash to cover $3,395,000 price, $110,000 @ cost resale inventories, $77,522 costs--lender/SBA, transaction escrow, title, licenses/permits, & working capital. Recover $600K in 1.6 years w/ $30,627mo. net after debt service. Nets about $47,613 mo. before debt. Approximate monthly sales: Fuel 22,000-49,000 gal. @ 82c gal. Store $65,000-$190,000+ @ 51% gross profit. No competition--only fuel station & store in area.

Photos & good financials & tax returns available.

About 300 miles from Los Angeles, San Francisco, or Riverside, CA. 255 miles from Sacramento.

Easy RV & trailer access. Open 7 days, 6am-8pm. Large hose-fill propane tank.

Double-wall UST's & plumbing w/ electronic monitoring. Clean site--no contamination.

9 full & part-time employees. Average payroll/tax $19,393 mo.

Detailed Information

Location:
Mammoth Lakes, CA
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,665
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
NEW IN 2019-2020: 1) Computerized pumps/dispensers/registers, underground plumbing, sensors & wiring, & concrete around dispensers, with EMV POS system. 2) Street-side planter & irrigation. 3) Widened ingress/egress for RV's & trailers. 4) Protective ballards. 5) LED lighting in & out. 6) Upgraded/renovated all classic coolers, 2 swamp coolers, plumbing & electrical systems. 7) New front eating area w/ tables/benches. 8) Upgraded in & out camera security system w/ mobile wi-fi connection. 9) Kitchen exhaust fans & other equipment. 10) Lot paving & striping. 11) Painted RE improvements. 12) Soil retention wall in back-yard eating area. QSR/STORE OFFERINGS: Breakfast, lunch, dinner. Pizza. Deli sandwiches. Fresh fruit smoothies. Expresso drinks. Fresh produce.On-site eating areas in & out. Auto supplies. Tire chains. Firewood. Fishing supplies. Clothing selections. No auto repair. No lotto.lottery. Connected to sewer. Public electricity. Private well water. Propane gas.
Competition:
No competition--only fuel station & store in area. Lots of growth potential ahead--expand the store & offerings. Area growing rapidly--community building & tourist fishing & camping. Surrounded by 1,700 camping sites @ average 6 persons per site.
Growth & Expansion:
Lots of growth ahead from increased tourist & RV's, camping, fishing, etc. Store could be expanded. Offerings increased. Whole area is rapidly growing major tourist attraction--in winter skiing, other seasons camping, fishing, site seeing, & on way to Yosemite & Lake Tahoe from Southern CA. 2021 Jan-March sales up 8% over Jan-March 2020. Gross profit up 4% over 2020 same period--& this is the slow season!.
Support & Training:
Owner or manager will train new owner.
Reason for Selling:
Pending move to Oregon.
Franchise:
This business is an established franchise
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James Wells

Business Listed By:
James Wells

Serv St & Mini Mart Sales, Inc.

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