Available for acquisition, this tourist and family-centered travel plaza is strategically located at a key crossroads leading to major national tourist attractions.
The Company features a variety of synergistic business lines, including a fuel station / C-Store, sizeable souvenir shop, restaurant, specialty treat options, and casino gaming.
Established for generations, this travel center is a tourist destination itself, with unique, themed attractions and one of the largest and most popular gift retail operations in the state.
After a remarkable burst of growth – achieving 57% revenue gains in 2020-2022 – the Company has stabilized at a new level of scale and profitability in 2023. Fuel sales have averaged 2.4M gallons for the past four years.
The current ownership team has positioned the Company for further expansion under fresh and ambitious new ownership. They are prepared to fully exit, but will also consider partnering with a majority-interest acquirer to drive continued growth over the next few years.
Growth Opportunities:
• Capturing a larger share of the Interstate traffic stream via online marketing to mobile devices
• Expanding food service offerings
• Developing experiential retail and activities (horseback rides, rafting, outfitting)
• Opening new, complementary business enterprises on adjacent Seller-owned properties, such as a candy-making store, an Amish deli, and a craft brewery
• Combining these and other initiatives to develop this location as a “themed village” tourist destination
Investment Highlights:
• Large scale and high profit: $24M revenue; adjusted EBITDA >$3M Annually
• Exceptional gross profit and EBITDA margins, far exceeding industry standards
• Established management team and large, loyal workforce
• Balance sheet reflecting superior performance: $3.7M cash and zero long-term debt
• Commanding local market share: 80% of fuel/C-Store and 94% of gift retail traffic
• Physical domination of available retail space at a key Interstate junction
• Well-defined opportunities for growth and diversification
• Long-established presence and reputation
