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Newly Opened Gas Station

36/wk
Middlesex County, New Jersey, United States
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Asking Price$99,000
Revenue$150,600 Established1988
Cash Flow$40,000 Employees2 full-time
FF&E$75,000* FranchiseNo
Inventory$10,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Newly purchased, Independent Gas Station located on an active county road in a commercial area of Middlesex County, New Jersey. The sale includes a profitable fuel station with upgraded fuel tanks, and all new lines and equipment. The owner-seller is the landlord, an absentee investor and will supply a training period to the purchaser post closing. The facility has three tanks, twelve years’ young, fiberglass double wall, consisting of one 10,000 and two 6,000-gallon tank. The business offers all levels of fuel, including diesel, to its various customers. This gas station business previously, prior to purchase, sold an average of 600,000 gallons yearly with an approximate pool margin of $.18 per gallon profit as a direct independent operator. The business will also offer additional products such as drinks, cigarettes and auto supplies. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped fuel gas station & retail store, which includes three fuel tanks, two pumps and various equipment required for this industry. The site has a clean attractive building which has a private office and lots of storage 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 business will offer a new commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $3,250 + $360 property taxes, cost per square foot is estimated at $15.20 and rent security of approximately $3,250. The site has private parking on the site for approximately seven vehicles. The business is operational seven days per week with hours from 6:00 am to 10:00 pm. The fuel station has a municipal Certificate of Occupancy for this specific location and is New Jersey state environmentally approval. This business opportunity as an absentee owner will require two-full time employees, at a monthly payroll of approximately $3,600. The gas station has opened in December 2016 and expects to have a 2017 gross yearly income of approximately $150,600 and a yearly net income of $40,000 based on as an Absentee owner operator and prior to debt service. The price is fixed at fair market value and the seller will consider offering some financing to qualified buyers. Based on the asking price, required down payment and net income this business should supply a solid 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 particular business opportunity.
Facilities:The business is in Middlesex County, New Jersey on an active county road close to various state highways. This fuel station services numerous communities with a continued need for this product and service. The site is 125 by 65 feet, the facility consists of 300 square feet with a clean appropriate appearance and all equipment is in excellent working condition.
Competition:The general area has limited competition; no other fuel gas stations are nearby to this location and the seller will supply a non-compete agreement to the new operator.
Growth Potential:This fuel stations has been closed during 2016 and has recently opened, with good service, competitive pricing, and additional non-fuel sales, this business will develop a consistent income; also, a small C-Store can be developed at the site.
Training/Support:The seller will supply a transitional training period and remain thirty days’ post closing.
Seller Financing:To be determined.
Sale Reason:The owner-seller is the landlord and an absentee investor.
Ad #98492
Seller Reference #GST312
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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