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Gas Station and C-Store in Albany NY (with Real Estate)

Albany, New York (Albany County)

Retail - Gasoline Service Stations | Retail - Convenience Stores

Asking Price $1,400,000 Inventory $35,000** 
Gross Income $360,000 Real Estate $1,200,000* 
Cash Flow $185,000 Year Established 1950
FF&E $300,000* Employees 3

* included in the asking price

** not included in the asking price

FINANCIAL INFORMATION Average Monthly Gas Volume: 75,000 gals @.15+/- cents (income: $11,250.) Gallons of Gas Sold Per Year: 900,000+/- gallons of gas per year (Set Your Own Price) Monthly Real Estate Taxes: $2,600. Monthly C-Store Gross Sales: $55,000 (income: $16,500.) Lotto, ATM, Air: $ 2,000 Hours of Operation: 6AM to 11PM Wholesale Fuel Price: RAC+1 - Distribution Contract - 8 years remaining Here are the basic financial details: $1,400,000 Asking Price for the Business and Real Estate $35,000+/- for Convenience Store inventory and wholesale price for gas in the ground at time of sale (Financing Available!). Gross Income is approximately $30,000+/- per month or $360,000.+/- per year Here are the monthly expenses: $ 2,600 Real Estate Taxes $ 1,500 Electricity, Heat, trash, phone and maintenance $ 2,400 Credit Card Expenses $ 300 Insurance (Property and Liability) $ 200 Telephone $ 1,000 Miscellaneous expenses, trash, repairs, etc $ 4,000 Employee Salaries -$12,000 - Total Monthly Expenses ____________________ $ 18,000+/- Net Income per month IMPROVEMENTS SINCE 2007 (TOTALING $300,000): 2 New Double-walled Fiberglass Tanks (10,000 gallons each) New Canopy with fire suppresion system New State of the Art MPD's (E-85 compatible) New RUBY Tank monitoring system and POS system New Surveillance System NOTE: Owners have requested that all buyers MUST submit proof of their financial ability to purchase this gas station in this price range (with 25% downpayment) before any detailed financial records are produced or appointments are made to meet with the owner. When requesting or submitting information about this listing, please include your full name, mailing address and telephone number. Thank you!

Facilities: 1/2+/- Acre in Prime Residential/Business area All equipment and fixtures IMPROVEMENTS SINCE 2007 (TOTALING $300,000): 2 New Double-walled Fiberglass Tanks (10,000 gallons each) New Canopy with fire suppresion system New State of the Art MPD's (E-85 compatible) New RUBY Tank monitoring system and POS system New Surveillance System

Competition: There is a LUK branded gas station near this station.

Growth/Expansion: With the purchase of a small part of an adjoining parcel, the store could be expanded to include a subway or other franchise.

Support/Training: Owners will assist in the transition andprovide training

Reason Selling: Other interests

Business For Sale By

John W. Wallace

518-392-7062

The Gray Rider Real Estate Company, LLC

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