Full-service gas station/self-service car wash.
Full-service gas station/self-service car wash.
Price: $399,000
Location: Cambridge
Industry: Gasoline Stations
Listing ID: 20230109
Listing Status: Sold
This business is an independent, award-winning, full-service gas station and self-service coin car wash.
The non-traditional full-service concept is very appealing to customers, offering better quality service than the competition and creating thousands of happy and loyal customers. This service station has been the yearly winner of Best Gas Station in Cambridge as can be attested to on Facebook and the local Cambridge Times newspaper.
Total Sales: $6,500,000
Cash Flow: N/A
FFE Included: Yes
Reason For Sale:
Owner wishes to fund an unrelated business venture.
Training & Support:
Seller is willing to train a new owner for a couple of weeks, daily active training. He will provide emergency/phone assistance thereafter for another month. If more is required he is willing to train appropriately.
Year Established: 2016
Owner Hours Per Week: Mon-Fri, 6am–10pm, Sat, 7am–9pm, Sun, 8am–9pm
Employees: 2
Monthly Rent: $4,053
Type of Location: One of the busiest intersections in Cambridge with high traffic volume, large companies and factories within a few minutes drive, including Toyota and associated companies. There are new housing developments close by with hundreds of new homes and vast shopping areas being built. This is one of the fastest growing regions in the Province with literally everything close by. It is close to Kitchener Waterloo, Highway 401 and only 45 minutes from GTA
Facilities Information:
This site has been the home of a gas station for well over 50 years. Quite a few regular customers have actually worked at the station. It's been branded as is for the past 8 to 9 years, prior to that it was a Cango branded station. Going back further it was Pioneer branded. The site has been a fixture in the community to say the least.
Competition:
There are a couple of gas stations on other corners in the city but this location provides superior service for the same or better price while customers sit comfortably inside their car. Customers are recognized and welcomed and they know that they are helping a local, personable small business. It boasts a 4.6 out of 5 on Google and is objectively already one of the best in the region.
Potential Growth:
The business can be expanded and the present landlords would welcome such discussions.
Pay at Pump could be added for after hours, unmanned sales. Additional car wash and automotive products and service could be offered to customers. Functions could be added to the car wash as well as the implementation of digital payment option in bay. Non-fuel sales have not been developed or expanded, but they could be.
Financing/Terms:
Seller will assist with financing.