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Asking Price$595,000
Revenue$225,000 Established2010
Cash Flow$72,000 Employees2 full-time
FF&E$150,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Independent gas station, absentee owner, with available Convenience Store and rented garage with $42,000 yearly income in a wonderful, active area of Northern New Jersey, Essex County. The station has no fuel contract which allows the new operator to obtain a long relationship with a security income from a national fuel supplier. This fuel station is fully upgraded, clean, modern and has been fully upgraded with newer underground tanks and lines within the past few years. The business produces a gross income of $225,000 based on fuel sales, projected C Store, money grams and outside sales. Additionally, the business can offer pre-owned auto sales which can further increase the bottom line income. The sale opportunity has been priced at fair market value and is an excellent opportunity. The real estate has an assessed value of $335,900, property real estate taxes $17,413.06, property size of 100 X 75, property call of 4A- Commercial. The station has two MPD’s, and two eight thousand gallons fiberglass double wall fuel tanks. The sale includes a closed convenience store with all equipment, two 8,000-gallon fuel tanks, all upgraded environmental equipment, POS system and various equipment required for this industry. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The property site is 75 by 100 and the facility consists of approximately 1,000 square feet, on one floor with no basement. This company routinely has two hourly employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $3,500. This opportunity involves the real estate and will not include a lease. This business location has private parking on site for eight vehicles. The business is operational six days weekly, closed Sunday, with hours from 8:00 am to 8:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has a municipal Certificate of Occupancy to supply this service. This business opportunity has been valued / priced at $595,000 based on a multiple of the net yearly income which includes the real estate and the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Based on the asking price, required down payment and net income this business should supply a solid dependable return on investment to the owner operator prior to debt service. Based on a 25-year payout at 5% interest, approximately 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:The facility consists of a 1,000 square foot office made up of a modern convenience store, and a private entrance. The building and facility have been fully upgraded over the past two years with a clean modern appearance. This business is located on an active county road in Essex County, New Jersey. The station is conveniently located off the garden state parkway and close to all major highways.
Competition:It is our understanding, due to the environmental requirements no other fuel stations are permitted in the area. Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:Presently the business C Store is not functioning and with additional services such as Lotto approval with an ATM service can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:Is available to a qualified buyer with an appropriate down payment.
Sale Reason:The purpose of the sale is owner is relocating out of the area.
Ad #101730
Seller Reference #GST329
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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