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Asking Price$99,000
Revenue$484,000 EstablishedUndisclosed
Cash Flow$90,000 Employees3 full-time
FF&E$95,000* FranchiseNo
Inventory$40,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Good business opportunity to own a successful gas station with auto repairs. This franchise gas station has a gross income of $484,000 and a net yearly income of $90,000 based on an onsite owner operator. The station pumps 1,200,000 gallons yearly and $200,000 yearly of auto repairs. BP pays $.07 per gallon of gas sold. This industry does not require government licensing approval to purchase or operate. This company has three employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $6,800. The business has an assignable commercial lease which expires 2019-01-01 plus additional options, with a monthly rent of $7,400, cost per square foot is estimated at $16,50 and rent security of approximately $15,000. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,500 square feet and has an estimated capacity for five vehicles. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped gas station and auto repair business, which includes two islands, four pumps, displays, shelving, two auto bays, lifts, 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 facility has appropriate private parking on site as part of the commercial lease. This successful gas station auto repair business operation is active seven days per week, with hours from 6:00 am to 11:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The 2016 yearly gross income is $484,000 and the business has a yearly net income of approximately $90,000 based on an onsite owner operator and prior to any debt service. 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 consistent and dependable investment return to the owner operator prior to 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 business opportunity.
Facilities:The station consists of a 10,000-square foot site and a 2,500-square foot free standing building. This opportunity is in Northern New Jersey, Morris County, which consists of various highly populated communities with continued demand for this industry.
Competition:Competitors presently exist in the industry and 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:The business can be expanded with an improved marketing plan and corporate fuel accounts.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Conditionally approved to a qualified buyer.
Sale Reason:The sale is due to the owners alternative business.
Ad #97372
Seller Reference #GST307
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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