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Listed by:

Re/Max Pride

Broker license number: S70951000

Convenience Store With Unbranded Fuel In Drakesville, (Davis County) For Sale

Drakesville, (Davis County), Iowa, US
Asking Price:
$299,400 Furniture / Fixtures included
Sales Revenue:
$1,000,000
Cash Flow:
Available on request

Located in Drakesville, Iowa (Davis County, SE IA), the 2,500 sq.ft. store, with 3 pump islands, sits on 24,500 sq.ft. of property. The family owners built the building and opened for business in 2,000 and has seen it grow, with some ups and downs (Covid yrs.) to an annual gross of $1,000,000+.

Located within close proximity to Lake Wapello, the business serves numerous long-term campers and other lake visitors throughout the summer and early fall months, as well as the local community. Being a remote location, except for a local Amish store, the business does not have any competition within an 8mi. radius.

The store, which does an average $36,000/mo. and pumps 17,000 gal/mo. fuel, provides typical convenience store items; but in addition, they have an in-store dining area and serves hot-food, deli made-to-order items, and ice cream treats for both carry-out and in-store dining.

The list price includes the business and property. The in-store inventory and fuel in the tanks will be sold, based on a physical inventory taken 24hrs. prior to closing, at documented invoice costs.

Property Information

Real Estate:

Real Property Included

Location:

Remote community but close to Lake Wapello and the campgrounds that results in significant business throughout summer and fall.

Premises Details:

2.500 sq. ft. store with dining area, walk-in coolers for pop, beer, deli products and Pizza components.

Size in square feet:
24,500 sq. ft.

Business Operation

Expansion Potential:

Extending the hours that the business is open and being open 7 days, would definitely increase sales.

Competition / Market:

There is a small Amish store in the community; but there isn't any direct competition within an 8mi radius of the business.

Reasons for selling:

The owners, after almost 24 years of 7am-9pm+ would like to retire.

Trading hours:

7am - 6pm

Employees:
4 to 6
Years established:
23.5

Other Information

Support & training:

2 wks.

Furniture / Fixtures value:
$1 - included in the asking price
Inventory / Stock value:
$55,000

Listed by

Re/Max Pride

Broker license number: S70951000