Seller Financing Available
Gross Revenue: $360,000
* not included in asking price.
Gas Station w/ C-Store
Seller relocating from this successful Luk Oil Gasoline Station with an active Convenience Store, Lotto and two bay garage. The business is located in Passaic County, Northern New Jersey on an active county road with a high volume of drive by traffic. The business income consists of fuel sales, a busy C-Store, Lotto and auto repairs. The seller is retiring from the industry after many successful years and will train a new operator post closing. Franchise approval is required prior to closing. This is a wonderful business and excellent opportunity to enter the profitable auto industry. The sale includes a fully equipped C-store with refrigeration & freezer units, displays POS system, etc. The two bay garages consists of a computer system, two lifts, high end specialized equipment with a value of $125,000. The fuel station has two islands, four pumps with a full canopy and four 6,000 tanks. The site has substantial private parking for fifteen vehicles at the location. The Gas Station C-Store is active seven days with hours from 5:00 am to 11:00 pm. The business is Lotto approved and has a municipal CO to conduct this business. The business has a franchise agreement for this location at a monthly total rent of $8,700, lease expires 2018/01/01 plus options, rent security $10,000. The employees consist of one mechanic; two fuel attendants and none are aware of the pending sale and are expected to remain post closing monthly payroll is $5,500. Based on purchase price and required down payment the buyer will obtain a forty percent (33%) return on investment. Please call for additional information. The business income consists of gross sales of 600,000 gallons of gas yearly at $.14.5 per gallon. The C-Store produces $90,000 yearly and the repair bays gross yearly income is $360,000. The business can evidence an average yearly net income of $110,000. The price is based on a multiple of the net yearly income and assets, $250,000 plus inventory dollar for dollar. By appointment only, employees are not aware of the pending sale and the enclosed photo may not represent the particular business.
Inventory: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Located in an active community of Passaic County, Northern New Jersey on a county road close to two major state highways. The site consists of 19,000 square feet and the ultra modern facility consists of 2,200 square feet. The business has a 1,200 square foot C-Store and 1,200 square foot two bay garage. The facility also has a private office and lots of storage.
Competition: With continued good service and developing corporate accounts, this business can be further improved and developed.
Growth & Expansion: No other gas station, C-Stores is nearby to this particular business and the seller will supply a non compete to the purchaser.
Financing: Some seller financing is available to qualified buyers.
Support & Training: The seller will remain after closing and supply a long term transitional period.
Reason for Selling: The owner is retiring from this industry after many successful years.
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