Gas Station w C-Store in Burlington County - 32134

Burlington County, NJ

Absentee Owned
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Asking Price: $199,000

Cash Flow: $80,000

Gross Revenue: $310,000

EBITDA: N/A

FF&E: N/A

Inventory: $5,000*

Established: 2013

*not included in asking price.

Gas Station w C-Store in Burlington County - 32134

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Business Description

This Absentee Owned Gas Station and Convenience Store represents an ideal opportunity for a hands-on owner-operator. Located in Burlington County, New Jersey, the station and convenience store have gone through majors change in the last two years starting when the owner switched from branded to unbranded gasoline and he then ceased to manage and run the convenience store. Volume at the pump dropped about 10,000 gallons per month as a result of the switch and falling gas prices further contributed to the decline in sales; however, despite these changes, gross profit is ahead of its former branded-self as the profit margins have increased to more than cover the reductions. Running an average of 18 cents per gallon, at a steady average of 90,000 gallons per month, gross profit is ahead of prior years. The same cannot be said for the 1,600 square foot convenience store. In 2018, shelves were half-empty, and the space allocated for snacks and staples cut in half as the owner was pulling cash out of the business to fund another venture. Food, lottery and cigarettes declined somewhat as a result. The business has remained profitable through the changes. Shelves will soon be stocked to restore the earlier snack business and an array of Indian foods will be offered to a blue-collar customer clientele. Future changes of probable interest to a buyer include the following: the corner station has a significant footprint and it has been approved as a U-Haul truck facility; the convenience store lacks popular staple items such as cigars, electronic cigarettes, tobacco products and now cannabis oils. Offering money transfer, money order and other financial services will drive traffic and add to its profits. No doubt about it, this business is being prepared for sale. Get in now at its 2018 price and you drive the growth and value. The owner is selling to finance other business interests.

Detailed Information

Location:
Burlington County, NJ
Inventory:
Not included in asking price
Employees:
2/1
Support & Training:
Seller willtrain
Reason for Selling:
other interests
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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