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Established Gas Station, Car Wash and Convenience Store

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Complete NDA for Full Overview

Price: $2,390,000

Annual Revenue: $2,930,708

Minimum Equity Required: $960,000

SDE: $250,000

Location: Alberta

Industry: Automotive Dealers and Gasoline Service Stations

ID: 1237

Status: Under Contract

Description

Excellent visibility to traffic travelling along the highway, and excellent accessibility given its location and its large lot size. Property has 275 feet of road frontage (running parallel to the highway, right at the service road exit/entrance).

Gas Station
Four newer style double/quad gas pumps with choice of 3 types of gas.
Two double diesel pumps.
All pumps are located under a canopy and all have easy access card readers.
Five gas pumps without card readers, offering marked and unmarked gas and diesel. These are located in a separate area which provides easy access to trucks pulling tandem axle trailers.
The gas station also has a propane dispenser.

Car Wash
One outdoor drive through self-car wash.

Convenience Store
A large, nicely finished convenience store.
Coffee Bar and table seating area.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

Fiscal Year End is December 31.

REVENUES:
2023:
2022: $3,769,237
2021: $3,294,207
2020: $2,930,708
2019:$3,774,099
2018: $4,485,191
2021: $3,294,207

GROSS MARGIN
2022: $590,950
2021: $571,995
2020: $457,793
2019: $627,647
2018: $626,141

NOI
2022: $330,000
2021: $325,000

** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Our expectations are for a minimum 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

3,716 Square Feet Inclusive of Touchless Car Wash Bay
Approximately 2.69 Acres

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA for Full Overview
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