Earlier today I met with a client that is trying to sell his gas station so that he can move to another area near family. We started looking at his "numbers" so as to consider reducing his listed price. This is a very profitable business, and he has done an outstanding job of managing the business, although he is a hard worker and puts in the time needed to succeed. So, we went through the numbers and he is showing a cap rate of between 10 and 11....which is great in this market. Combine that with a net profit of over $300k...and this is an excellent investment for an owner operator. We dropped the price to $2.6 million....which now puts the purchase at below 4 times gross profit....which is a good buy in this market. So, if this appeals to you or any of your investors, e-mail me for details...and check us out at www.gasstationsamerica.com
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