Convenience Stores
According to the 2008 Convenience Store News Industry Report total convenience store industry sales, including motor fuels, rose 8.6 percent last year to a record $568.8 billion. Driven by the rising price of gasoline, motor fuel sales ballooned to $406.9 billion, a 10.6 percent increase over 2006. Total gross profits per store increased from $455,586 in 2006 to $472,811 last year, but the gross margin percent per store fell from 12.3 percent to 11.5 percent.
Over 30% of all convenience stores have car washes and more than 35% of stores have food concepts such as pizza and sandwich take out departments. 80% of convenience stores have deli departments that supply take out food and drink items.
The 2008 Convenience Store News Tech Study reveals that c-stores are spending more money, upgrading old systems and implementing leading edge applications, both at the store and headquarters, at an increasing rate.
HLC Capital offers flexible, convenient, and affordable financing solutions for a variety of equipment such as:
- Car Washes
- POS Systems
- Cooler Units
- Canopies, Signage & Displays
- Petroleum Equipment
- Ovens
- and more...
At HLC Capital we pride ourselves in offering financing that is geared to help you grow!