Operating Shell Convenience Store and Retail Center

Highly profitable Owner Operated Business

Plus Real Estate

3452 Jodeco Road, McDonough, GA 30253
Sealed bids due: 5:00 PM, Monday, February 5

Live auction: Wednesday, February 7 (for top bidders only)
 

Please Note: Brochure updated frequently.

Auction Brochure  (pdf)

 

Auction Date:

Sealed Bids Due: 5:00 PM, Mon, Feb. 5
Live Auction Date: for top bidders only, Wed, Feb 7 at a time and place to be announced to the qualifying high bidders

 

Property Highlights:

  • Operating Shell Convenience Store and Retail Center

  • Highly profitable Owner Operated Business Plus Real Estate on Jodeco Rd in McDonough, GA

This is an operating Shell convenience store with two adjoining rental bays. The building is 6,384 square feet and sits on 1.57 acres. We are selling the land, the building and pumps, the convenience store business, and the rental income from rental bays. The convenience store inventory will be sold to the buyer at seller's actual cost. This is an almost-new facility, constructed in 2004.

The property is located just east of I-75, and is surrounded by existing and new residential and commercial development. Henry County is one of the fastest growing counties in the US.

Recent outside sales have been approximately 70,000 gallons per month. Inside sales are approximately $50,000 per month, not including lottery, game machines, ATM commission air, vacuum, and telephone. Please complete this CONFIDENTIALITY AGREEMENT (pdf) to receive actual 2006 detailed operating income and expense information. The property was appraised May 13, 2004 prospectively as of January 13, 2005 for $1,670,000.  View Appraisal

 

Directions:
From Atlanta take I-75 South to Jodeco Road (Exit 222). Turn left onto Jodeco Road (towards Flippen). Go one mile. Property is on the right.

Inspection Dates: Wednesday, January 24 and Jan 31, from 1:00 to 3:00 PM and by appointment. Please respect the business operations.

SEALED BIDS: All bidders must submit an initial offer as a sealed bid by using the Auction Purchase and Sale Agreement for the property. The Agreement must be accompanied by a $25,000 initial deposit in the form of a Cashier's check and a signed Terms and Conditions of Sale Bidders Affidavit. The Agreement and Affidavit are available for download at www.interstateauction.com or upon request by calling 404 303 1232. The sealed bids must be delivered to Interstate Auction Company, 1100 Johnson Ferry Road NE, Suite 588, Atlanta, Georgia 30342 (404-303-1232) by 5:00 P.M. MONDAY, FEBRUARY 5, 2007. The sealed bids shall set forth the price which the bidder commits to pay to purchase the property subject to all terms of the sale.

BEST AND FINAL LIVE AUCTION FORMAT: A best and final live auction may be conducted on Wednesday, February 5 at a time and place to be announced to the qualifying high bidders. Up to the 5 highest qualified initial bidders, based on their sealed bids, may be invited to participate in the Best and Final Live Auction. The final auction, if held, will determine the high bidder for the property. The Seller and Auctioneer reserve the right to make the final decision regarding which Bidders will be invited to bid at the Best and Final Live Auction, whether to accept the high bid, and further reserve the right to accept the best initial sealed bid offer and not offer the property at the Best and Final Live Auction. The Seller and Auctioneer reserve the right, in their sole and absolute discretion, to postpone or cancel the sealed bid auction, the live auction, or both. The Best and Final Live Auction will not be a Public Auction. Only invited bidders will be allowed to attend the Best and Final Live Auction.

BIDDER'S DEPOSIT: An Initial Bid Deposit in the amount of $25,000 must accompany each sealed bid. The funds must be a certified bank check or Cashier's check in U.S. Dollars from a U.S. bank made payable to Interstate Auction Company. Upon acceptance of Bidder's offer, Bidder must increase earnest money to 10% of the total purchase price (not including the price of the inventory) within 2 business days of acceptance.

 

TOTAL PRICE INCLUDING INVENTORY: The bid amount to be entered on the Bid Form is for the real estate and convenience store business. Purchaser will pay for the inventory on hand at closing to Seller, based on Seller's actual cost. A complete inventory will be taken the day of closing.

 

CONFIDENTIALITY AGREEMENT: A confidentiality agreement will need to be completed and returned to Interstate Auction Company via fax (404-303-7997), mail, overnight delivery, or in person at: 1100 Johnson Ferry Road, NE, Suite 588, Atlanta, GA 30342 (404-303-1232). Upon receipt of a properly completed Confidentiality Agreement, detailed financial information may be provided to prospective bidders. Click here for the Confidentiality Agreement form.

 

Additional Property Info:

 

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Call for disclosure information & bidding instructions.

Sperry Van Ness/INTERSTATE AUCTION COMPANY

404-303-1232

 

Please check back frequently for changes.

Any and all information contained on the site is subject to changes and corrections, and that it is the prospective purchaser's responsibility to verify that he/she has the most current information.

 

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Interstate AuctionŽ Company is a national auction affiliate of:

INTERSTATE AUCTIONŽ COMPANY, 1100 Johnson Ferry Road, Suite 588, Atlanta 30342 GAL#1966,  404-303-1232  Fax: 404-303-7997

 email:  interstate@interstateauction.com