Services - Auto Repair, Parts & Svcs | Retail - Gasoline Service Stations

Asking Price	$220,000	Inventory	Variable**
Gross Income	$933,000	Real Estate	$995,000**
Cash Flow	$82,000	Year Established	1942
FF&E	$91,000*	Employees	1 f/t 4 p/t

* included in the asking price

** not included in the asking price

This is the oldest continually branded Gulf station in the country. While the current owners have owned & operated the business for more than 40 years, the people they purchased it from founded the business in 1942. Located on a well travelled road, within a few minutes of two major interstates, it is adjacent to a densely populated improving residential area that allow for considerable walk-up trade. Additional services such as lottery, propane and snacks are certainly part of the draw. Current auto repair business is concentrating on highly profitable and quick turn around repairs. Customer base is a mix of 80% retail and 20% fleet customers. Fleet customers appreciate the availability of fuel and other related conveniences. Second floor space could be renovated into apartment space.

Facilities: Fully equipped auto repair shop with radiator repairs & sales to a niche market. Gas station with small convenience section and ancillary products such as propane. Premises are available for lease or purchase as part of a parcel that includes three commercial tenants

Competition: Auto Repairs: No chains are represented in immediate trading area. Local competition lacks the quality of technicians, facilities and customer service oriented staff. Honesty, long tradition and great reputation have helped maintain a loyal clientele. Radiators: Approved by both New Castle county & DELDOT is repairing & wholesaling radiators since 1972. The operation enjoys a vast repeat customer base, however, the appearance of two large radiator wholesale operations has cut into sales volume. Gas: Typical highly competitive environment

Growth/Expansion: New construction project in the area is on its way with the commercial component preceding the addition of 1200 living units on 66 acres of prime real estate in a pedestrian friendly multi-modal transportation hub. This will undoubtedly improve demographics considerably. A number of areas for product and service expansion exist, especially by a new owner with fresh ideas

Financing: Depends on buyers qualifications

Support/Training: Owner will train and assist with smooth transition as required.

Reason Selling: Retirement