fbpx

Established and Profitable Gas Station/Car Wash/Convenience Store in Central Alberta

Description

Excellent visibility to traffic travelling along the highway, and excellent accessibility given its location and its large lot size with 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 sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most all of your questions.

Financial Information

REVENUE
2018: $4,485,191
2019:$3,774,099
2020: $2,930,708
2021: $3,294,207

 

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

 

NOI
2020: $239,467

 

** 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

Real Estate

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