50% Seller Financing! Amoco w/C-Store & 4 Bay Repair Shop

Suffolk County, NY

Seller Financing Available
50% Seller Financing! Amoco w/C-Store & 4 Bay Repair Shop
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Asking Price: $900,000

Cash Flow: $324,550

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

50% Seller Financing! Amoco w/C-Store & 4 Bay Repair Shop

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Business Description

SELLER FINANCING!

PROPERTY SUMMARY
Property Size: 36,930± SF
Repair Shop: 1,810± SF
C-Store: 600± SF
Dispensers: 5 dispensers (10 fueling positions)
Canopy: Yes
Tanks: (1) 12K Regular (1) 10K Premium (1) 10K Diesel DWF

LEASE SUMMARY
Term: Expires June 2, 2028 (9 years) w/ option (see notes)
Rent: $19,200.00± (base) $2,443.78± taxes = $21,643.78±
Rent Increases: 10% every 5 years (next increase 2023)
Rent Deposit: $67,900.00±
Gas Deposit: $40,000.00
Notes: Tenant will have a Right of First Refusal for a new lease upon termination of the current lease.

SALES SUMMARY 2019 (JANUARY THRU APRIL)
*Monthly averages
Station profits $24,934.93 per month
Petroleum: 81,132 gallons at 0.275 cents per gallon net
C-Store: $54,105.75 at 29% margins
Lottery: $50,041.50
Repair Shop: $39,995.50 at 60% margins
Misc. Repair Shop Income: $5,070.50 net
Misc. Income: $1,847.25 (ATM, Air/Vac & Parking)

SALES SUMMARY 2018
*Monthly averages
Station profits $31,237.11 per month
Petroleum: 100,054 gallons at 0.22 cents per gallon net
C-Store: $74,196.33 at 29% margins
Lottery: $44,157.00
Repair Shop: $39,673.83 at 60% margins
Misc. Repair Shop Income: $5,026.75 net
Misc. Income: $1,923.58 (ATM, Air/Vac & Parking)

Notes: Station will be rebranded Amoco (currently a Sunoco), which offers better pricing, which is on or about 13 cents per gallon better than the current petroleum supply contract. Current operators are not mechanics by trade and a mechanic who’s been there for over 17 years, who is willing to stay on, currently manages the repair shop. Although petroleum volume is down from 2018, margins have increased and the overall profit margin has been the same and once station is rebranded Amoco, with more competitive pricing, it will allow for operator to be more competitive at the pump and should increase the gallons to over 125,000 – 140,000 gallons per month, which would bring in more sales to the c-store. Seller is willing to finance with $450K down + Deposits & Inventory

Detailed P&L for 2017, 2018 and 2019 thru April is available to Qualified Buyers that outlines all the Income & Expenses.

For more information, please call our corporate office at 516 304 5898 or email us info@fillerupgroup.com

Detailed Information

Location:
Suffolk County, NY
Financing:
50% Seller Financing
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Filler'up Group

Business Listed By:
Filler'up Group

FILLER'UP GROUP, INC.

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