855 & 867 State Hwy 22 Minnesota Lake, MN

Location

855 & 867 State Hwy 22 Minnesota Lake, MN

Asking Price

$149,900

Overview

Finished Square Feet 0
Bedrooms
Bathrooms
Garages stall(s)
School District
Type Business Opportunity
Stories
Roof Type
Exterior Type

Description

Convenience store with gas, diesel, self-serve and drive through car wash. This store is nestled in a town with a head count of 700, but, also caters to the surrounding farming population and is on busy state highway 22. Nearest competition is at least ten miles in any direction. Gross sales last year were $1.2m and fuel gallons sold were 240, 000. Absentee owner enjoys a three year average net of 40k. A much greater potential is available to a more involved operator. The main building is 1800 sqf and had substantial roof repairs done in 2019. The car wash is an automatic touch less that accepts coins, credit card or codes generated from point of sale systems receipts. There is also a self-service bay that accepts quarters. Store has all the grocery and snack items a small town needs and dose a nice little lunch business with roller grill and sandwich warmer. There are two 7500 gallon tanks that were upgraded to fiberglass. The pumps have credit card readers for 24/7 fueling. This sale includes the two land parcels with three accesses from highway 22 and two more from side street. All furniture, fixtures and equipment are included in the sale price. Not included in sale is inventory and supplies. A start up budget of 50k for groceries and fuel is recommended or existing inventory can be purchased at discount. Included in sale is two parcels: Parcel 284480011 has .363 acres with a 6, 600 SF car wash. Parcel 284480031 has .265 acres with a 14, 282 SF convenience store/gas station