FOR SALE
$795,000

206 E State hwy 31 E
Kilgore, TX 75662

Other
Residence
3,000
Sq. Ft.
0.356
Acre Lot
1of
Photos
Map
Courtesy: Samuel Scarborough - United Country Staples Property Group
Last Updated: 10/24/2020 9:40 PM
Real Estate Overview: The subject property is an unbranded Service Station & C-Store. A canopy, of +/-1,400 square feet, houses three double sided Gilbarco pumps with all dispensers equipped with gasoline and one dispenser equipped with diesel and gasoline. Fuel tanks were installed in 2005 with ACT Fiberglass lined tanks & lines. Tank capacity includes 8,000 gallons unleaded, 4,000 gallons super grade, and 4,000 gallons diesel. The land area of the site is approximately 15,544 sq. ft. (0.36 acres). Business Overview: Additionally, the subject property includes a 3,000 square foot unbranded C-Store. In 2018 the seller did extensive updates to the store with new store front fascia, new flooring throughout, new condensing units for the coolers, a new HVAC system, new cooler doors, a new hot water heater, and LED lighting. The store is also equipped with a full kitchen and a Passport POS system. Although no fuel agreement is in place, the seller has been approached by multiple brands with financial incentives. The subject has historically sold +/-7,000 gallons/month with +/-95% of fuel sales for gasoline and +/-5% of sales for diesel. Approximately +/-20% of sales come from fuel sales and +/-80% of sales come from inside store sales (C-Store products). From 2017-2019, revenues ranged from $490,000-$1,260,000 (rounded). It should be noted, 2018 saw a significant decline in sales due to the property being closed for 8 months while undergoing upgrades. Additionally, there is room for significant growth in fuel sales as the fuel pumps do not currently accept debit or fuel cards.
10124186
Other
Gregg
0.356 Acres
1974
Public
Public Sewer
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