Turtle Bay Shell for Sale in Redding, CA 2008 Numbers

Turtle Bay Shell and Market
Location: Redding, CA, 165 miles north of SacramentoLocated on Interstate 5
Offered at: $950,000
The Turtle Bay Shell and Market is a very successful, well established, business involved in retail market sales and a gas station, but does not include the real estate of approximately 2900 sq ft. The Market, which was built in 1995 and has been very well managed and maintained, has 2000 sq ft. There are 6 pumps, dispensing 3 grades of gasoline and one pump dispensing diesel fuel. There are 2000 sq ft of covered pump area. The Market has a current liquor, beer and wine license. The location for this business is superb, at what is considered to be one of the most highly traveled roads in the area, Highway 44 as it enters and exits the Redding area from I5. Access, both in and out, to the business is direct from Park Marina Drive and the Highway 44 and Auditorium Drive intersection, with visibility from both east and westbound Highway 44. Immediately adjacent to the business is a hotel and restaurant; office buildings are across the street and in the nearby area; the business is within 5 minutes of Shasta Regional Hospital and the large Shasta County Services office complex, as well as the retail Cypress Square. The business is across Highway 44 from the Turtle Bay Exploration Park and the world famous Sundial Bridge. The business had 2008 gross sales of $ 2,044,817/ 11 mos. as follows: Inside sales (approx) $ 73,000 /month (avg)Fuel sales, 45,000 gallons/month (avg)Miscellaneous income not included above, etc. $ 1,000/month (avg) Details of the business:Built in 1995Approximate average value of inventory $50,000 plus gas ($30,000)Employees: 1 full time; 1part timeBusiness Operating hours: 6 AM to 11 PM dailyReason for Selling: Moving out of the area Financial Details: Monthly Gross Income(11 months of 2008)Gross Inside Sales avg $ 73,000 @ 28% margin= $ 20,002 /monthFuel Sales 45,000 gallons/month @ .18 cents/month = $ 8,100/ monthOther Miscellaneous Income $1,000 /mo. (ATM, o/s Phone, Air/water, Money Orders)Projected Gross Income (avg-11 mos) per month: $ 28,102 Monthly Expenses (partial): Employee Salaries: $ 2,500Electric and Gas charges (utilities) $ 2,000Trash Disposal $ n/aWater $ 25Property-Business Insurance $ 400Workers Comp $ 100Insurance $ 350Depreciation,Interest,CC Fees, etcTotal Expenses/month $17,445 Net Income $10,657