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Asking Price$325,000
Revenue$374,600 Established1990
Cash Flow$109,000 Employees4 full-time
FF&E$95,000* FranchiseNo
Inventory$45,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Profitable gas station & very active Convenience Store located on an active county road in Union County, New Jersey. The business gross yearly fuel sales consist of $142,000, from the convenience store, $175,000 gross income, Lotto Commission $24,000 and $19,600 net from ATM and air supply. The business fuel sales are approximately 650,000 gallons yearly at an average pool margin of $.22 centers per gallon. The business has a consistent net yearly income of $123,000 to the owner operator. The fuel station facility shares the C-Store with an active Dunkin Donuts franchise which attracts a huge volume of shoppers. The business offers all fuels including diesel at a substantial profit margin. The sale consists of a fully equipped commercial retail store, which includes refrigeration & freezer units, 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. This particular business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $8,000. The business has an assignable commercial lease which expires 2033-01-01 plus additional options, with a monthly rent of $5,500 and rent security $18,000. The business facility which consists of 1,440 square feet has a capacity for approximately fifteen customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 5:00 am to 11:00 pm. The sale includes a certificate of occupancy from the particular municipality, NJ State Lotto approval and the required city food licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a substantial investment return to the owner operator prior to debt service. The 2015 yearly gross income is $374,600 and the business has a yearly net income of $109,000 based on an owner operator and prior to debt service. The business has been valued at $325,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Facilities:The site consists of approximately 12,500 square feet on a very active county road with lots of drive by traffic. This very attractive retail facility consists of 1,440 square feet with a clean modern appearance a full canopy, two islands and numerous pumps. The business is a single unit free standing facility close to many other active and successful businesses. This opportunity is located in Northern New Jersey, Union County, which consists of various highly populated communities with continued demand for this particular product.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business can be further improved by obtaining corporate accounts which will improved the cash flow and net income.
Training/Support:The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:Purchase of a larger fuel station out of the area.
Ad #87276
Seller Reference #GST246
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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