Solid business opportunity to own this active Luk Oil franchise fuel gas station on a busy highway in Passaic County, New Jersey. The business has a clean attractive image, consists of three bays, lots of storage and a modern office with a very low monthly rent of $1,500. The buyer can convert the office to a C-Store which has been preliminary approved. The business sells 25,000 gallons of fuel monthly. The sale also includes a large variety of equipment required for this auto repair business. The business presently has two employees that will remain with the business after the transition. This is a solid business and an excellent opportunity, a must to see to fully appreciate. Based on the asking price, required down payment and net income this business transaction should supply a 45% return to the owner operator prior to debt service. The seller will supply financing with a modest down payment to a qualified purchaser. This is an excellent business opportunity with substantial growth potential to the owner operator. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service. This sale is confidential to employees and public, all viewings are by appointment only.
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