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12M Gross Diesel Gas Station

Essex County, NJ

Seller Financing Available
12M Gross Diesel  Gas Station
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Asking Price: $2,400,000

Cash Flow: $744,930

Gross Revenue: $12,054,216

EBITDA: $744,930

FF&E: N/A

Inventory: N/A

Rent: $16,000 /Month

Established: 2010

12M Gross Diesel Gas Station

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Business Description

Numbers are from 2017. Net income 2018 exceeds $900,000. Highly profitable gas station on a very busy state highway in urban area. Station is only 9 years old. Seller retiring to Florida. Business is 70% diesel. Corporate accounts for major $ and receivables are approximately $800,000 to $1,000,000 at any given time. Seller willing to finance 40% of purchase price for 5 years at 6%. To get this deal you need 1) $1.5 million down payment, 2) $1 million to fund other receivables, 3) $200,000 to $300,000 working capital. All prospective buyers will need to provide proof of funds prior to meeting seller.Numbers are from 2017. Net income 2018 exceeds $900,000. Highly profitable gas station on a very busy state highway in urban area. Station is only 9 years old. Seller retiring to Florida. Business is 70% diesel. Corporate accounts for major $ and receivables are approximately $800,000 to $1,000,000 at any given time. Seller willing to finance 40% of purchase price for 5 years at 6%. To get this deal you need 1) $1.5 million down payment, 2) $1 million to fund other receivables, 3) $200,000 to $300,000 working capital. All prospective buyers will need to provide proof of funds prior to meeting seller.

Detailed Information

Location:
Essex County, NJ
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
6
Competition:
The station is large and efficiently designed/structured to readily accommodate large diesel trucks.
Growth & Expansion:
7/24 operation always open to efficiently cater to and meet the needs of the established customer base.
Financing:
1,400,000
Support & Training:
Transitional support to be provided as agreed upon.
Reason for Selling:
Retirement
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HOWARD KUPFERMAN

Business Listed By:
HOWARD KUPFERMAN

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Sponsoring Broker:
Larry Bodner

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