Newly Reopened Absentee Owned Gas Station in Meridian, MS!
| Asking Price: | $549,000 |
| Real Estate: | $549,000 |
| Gross Revenue: | $240,000 |
| Established Year: | 1965 |
The gas station was shut down for renovations and reopened in July 2024. Month over month sales have been increasing steadily as consumers begin to come back to the business!
Seller is Absentee and the store is run by employees only! There is a massive opportunity for an owner operator to reduce payroll costs and take home more profits!
High visibility corner lot location with an average traffic count of 12,500 vehicles passing by the station each day! Revenues will continue to grow as more people discover that this store has reopened!
Additional revenue streams are available! Seller had a food truck vendor operating 5 days per week and pays $600 per month in rent!
Ventilation hood and other kitchen equipment included in the store! Location is far enough away from competition that it could add hot and ready food items or full service kitchen items to increase inside sales!
The store is currently only operating for 12 hours per day. There is a HUGE opportunity to extend business hours and increase profits even more!
The pumps and POS system have been upgraded and are leased-to-own by the Seller, meaning no maintenance for the new owner! Seller pays $299 per month for leasing the pumps and POS with 7 years remaining on the lease. After 7 years, the pumps and POS become yours!
Inside Sales are currently $20,000 and steadily growing! Outside Sales are currently 2,000 gallons averaging 40 cents margin per gallon!
NO JOBBER CONTRACT! Continue to operate independently or secure a long term deal!
Lottery Commission is 1,000 per month with very limited options. Add more Lottery roll options to increase lottery commission!
ATM and Air Machine combined commission is $125 per month!
Seller recently added EBT so sales are expected to increase substantially!
Median Household Income is $45k.
Nearby K-12 Schools like Poplar Springs Elementary School, West Hills Elementary School, Northwest Middle School, and Meridian Senior High School, collectively serve over 3,000 students and faculty. Nearby colleges like Mississippi State - Meridian Campus, and Meridian Community College collectively serve over 2,500 students and faculty.
Close proximity to apartment complexes like Regency Apartments, The Mark Apartments, Four Fountains Apartments, Stratford Manor Apartment Homes, Heritage Place Apartments and surrounded by neighborhoods!
1 hour 30 minutes from Jackson and Hattiesburg, MS! 1 hour 30 minutes from Tuscaloosa, AL! 2 hours 15 minutes from Birmingham, AL! 2 hours 30 minutes from Mobile, AL! 3 hours from New Orleans, LA!
Asking Price for Business and Property: $549,000 plus inventory!
