Capital Oil & Gas Sets Sights on 11 C-stores
HIALEAH, Fla. -- In what marks a summer of high activity, Capital Oil & Gas Inc. entered negotiations to acquire or lease 11 full-service gas and convenience store stations in Florida.
"As previously stated, it is the intent of executive management to control either by acquisitions or leases enough stations to generate a minimum of $100 million per year in revenue, with a potential pre-tax profit margin of 8 percent to 12 percent per year overall," said president and COO, Ariel Rodriguez in a released statement.
As reported yesterday in a CSNews Online news flash, if the deal is finalized, Rodriquez said the additional 11 stations could add revenues of approximately $55 to $60 million per year in gross revenues to its ongoing operations and revenue stream. A call to Capital Oil & Gas was not returned by press time.
"The company believes it would then be in a position to become a fully reporting company and leverage its buying power from its suppliers," Rodriguez said.
"As previously stated, it is the intent of executive management to control either by acquisitions or leases enough stations to generate a minimum of $100 million per year in revenue, with a potential pre-tax profit margin of 8 percent to 12 percent per year overall," said president and COO, Ariel Rodriguez in a released statement.
As reported yesterday in a CSNews Online news flash, if the deal is finalized, Rodriquez said the additional 11 stations could add revenues of approximately $55 to $60 million per year in gross revenues to its ongoing operations and revenue stream. A call to Capital Oil & Gas was not returned by press time.
"The company believes it would then be in a position to become a fully reporting company and leverage its buying power from its suppliers," Rodriguez said.