Gas Station and Convenience with Liquor Store - Click for Details

Listing ID

1173

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Location

Nova Scotia

Description

This is a completely renovated Convenience Store and Gas Station in Cottage Country Nova Scotia.

The store consists of a Convenience Store, 3-year old Gas Station, NSLC Liquor Store, Fishing gear/Tackle Shop and Bakery. An Ice Cream Parlour is opened during the summer season.

A few highlights:
- Owners do not work day to day "IN" the business.
- Possibility for additional revenue with take-away menu and/or addition of pizza, addition of ice maker, and many other options.
- Super efficient Geothermal Heating System.
- Located next to very busy tourist destination, Provincial Park and Campgrounds.

Location is a 30 minute drive to a major retail and commercial centre, 1 hour drive from other major city centres, and 1 international airport.

Financial Information

Total Revenues have been greater than $1.35M each of the last 3 years.

Sellers Discretionary Earning have averaged $113k, and have been growing every year.

Total inventory of Gas, Alcohol, and Grocery as of December 31, 2018 was $103k

Seller's discretionary earnings is the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses.

Minimum Equity Required

$200,000

Real Estate

41,740 square feet of land.

+- 1,928 square feet commercial building.

Drilled will and on site septic. There are no public washrooms, just staff.

The property has seen some significant renovations in the past several years. All gas tanks and pumps were installed new in 2015, so only 3 years old.

Price

$459,000

Non Disclosure Agreement

I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.

I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.

I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.

It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.

This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.

Non-Disclosure Agreement