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Independent Gas Station For Sale

63/wk
Union County, New Jersey, United States
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Asking Price$1,100,000
Revenue$360,000 Established2007
Cash Flow$150,000 Employees3 full-time
FF&E$390,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Profitable independent gas station, which includes the real estate with car wash and auto repair business with no fuel contract. The owner operates the gas sales and both the car wash and auto repairs are leased to separate tenants. The business has a yearly gross income of $360,000 and a net yearly income of $145,000 prior to debt service, which includes rental income to the owner operator. The owner is retiring after many years of success and has priced this business opportunity very aggressively. The location has been Re-Surfaced in 2007, two lifts replaced in 2017, very well maintained and estate property taxes are $20,102. The station has a full canopy, two dispensers, 2016 pumps, three fuel tanks, 4,000, 6,000 and 8,000 gallons. The gas stations markets 360,000 yearly fuel sales with a very high pool margin and profit. The auto mechanic shop consists of 1,200 square foot, two bays, is rented at $31,000 yearly and lease expires 2018 plus possible available options. The hand car wash consists of three bays, 2,000 square feet, has a lease which expires 2012 with a yearly rent of $32,000. For Qualifications purposes, this industry does not require government licensing approval to purchase, however state monitoring is required to maintain the businesses. This gasoline fuel company has three full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $4,400. The business consists of two building units, unattached, commercial on an active county road, consists of approximately 1,200 plus 2,000 square feet and has an estimated capacity for multiple vehicles. The business fixed assets has an estimated value of approximately $390,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped fuel gas station, two commercial retails, which includes, required licenses, social media venues, 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 facility has appropriate private mall parking on site as part of the commercial lease. This successful gas station business operation is active 7 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 local municipality and the required state or city licenses to conduct its day to day business. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Based on a 25-year payout at 4.5% 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:This successful retail location consists of .04 acres, B-3 zones, 88 x 200 lot. The business consists of multiple free-standing facilities on an active commercial avenue. This opportunity is in Northern New Jersey, Union County, and the area consists of various highly populated urban communities with continued demand for these various services.
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:The business presently has a limited marketing plan, poor web site and if improved 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:Approved to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the owner is relocating out of the state of New Jersey.
Ad #98896
Seller Reference #GST313
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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