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No Jobber contract- Property in Auburn AL !!

Listing was updated at: 04/24/2019
No Jobber contract- Property in Auburn AL !!

Property Overview

Price/Rent PSF $ 104,500.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 04/08/2019
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Description

This property is currently under contract but the Buyer has a major personal situation because of which they are unable to complete the transaction. Luckily the contract is transferable. The contract with the property owner has already been heavily negotiated and the property including the business will be sold without any jobber contract for $650,000. We already have a bank that is willing to finance the entire deal for Prime plus 2.5% interest rate for 25 years. The down payment needed from the Buyer is only $104.500. This is a great deal for someone that wants to put in less capital and get a running business with property. So at the current interest rate the monthly mortgage payment to the bank will only be $4,558. The station is currently branded as a Texaco but the Jobber will convert it into unbranded and release the contract. The competition close by really warrants this gas station to be unbranded. Inside Sales of $50,000 with Seller never present on-site! Operating Manager is not Maximizing the Potential for the Business. Gas station is located on a very busy street in Auburn! Right across from the Mall and Movie Theater! Close to Auburn airport and very close to the Golf course. Only 9 mins form Auburn University because of which they sell a substantial amount of novelty items at high margins. Current outside sales are 30,000 gallons that will go up to 40,000 when the store is converted to unbranded.

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