Seller Financing Available
Gross Revenue: $212,000
* not included in asking price.
Independent Gas Station w/ C-Store
Independent Gas Station and C-Store with the real estate, located in Northern New Jersey on US State Highway 1 & 9, in Union County and in the Elizabeth / Linden area. The business has gross sales of 1,250,000 gallons yearly which includes gas and diesel. The business assets have an estimated value of approximately $550,000 which consists of a fully equipped commercial gas station and retail C-Store, including, four fuel pumps, three underground tanks, displays, shelving, POS system, canopy, two islands, four fuel pumps, 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. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,400. This sale transaction will not include a lease, the property is included in the sale. The business consists of a free stranding facility with two islands, four pumps with a capacity for ten vehicles at one time. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $212,000 and the business has a yearly net income of approximately $110,000 based on an owner operator and prior to debt service. This business transaction has been valued at $1,300,000 based on a multiple of the net yearly income, real estate value of approximately $650,000 and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Inventory: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: This retail site which is a corner property consist of a 10,000 square foot site and a 1,200 square feet C-Store which is presently not active. The business is located on an active state highway in Union County with hundreds of thousands of drive by vehicles yearly.
Competition: No new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion: The business presently has a limited marketing plan, poor web site and if improved can further develop the business cash income.
Financing: Seller financing is available to qualified buyers.
Support & Training: The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Reason for Selling: The owner is retiring after many years in this fuel service industry.
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