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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Monmouth County Gas Station
(Automotive , Gas Station)
Monmouth County, NJ
Listed Price: $ 595,000
Listing ID: GST309

Listing DetailsGross Revenue: $ 1,625,000
Cash Flow: $ 196,000
FFE: $ 245,000 (Included in Price)
Inventory: $ 40,000
Franchise Info: This business is an established franchise
Reason for Sale:

The sale is due to the owner continued absenteeism. 

 


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

 


OperationsDays & Hours of Operation: Mon.-Sun. 5am-11pm
Non-owner Payroll: $ 9,800
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 10,902
Square Footage: 2100
Facilities:

This successful retail facility which consist of approximately 2,100 square feet have a modern professional appearance. The facility is on an active county road with high volume drive by traffic. The station has 4 gasoline fueling positions, is full serve, has a canopy, and pay at the pumps. The business has a Gilbarco passport, veeder-root, backroom software for fuel distribution.  This opportunity is in central New Jersey, Monmouth County, which consists of various densely populated communities with continued demand for this industry.

 


SummaryBusiness Description:

 Gulf gas station and Circle-K 2,100 square foot convenience store with yearly gross sales of 750,000 gallons and as a commission agent station obtains $.08 cpg net to operator. All gas credit card fees and gas sales tax are paid by the fuel distributor. The retail store has a yearly volume of approximately $1,400,000 with an average 30% gross profit. The business also has Lottery sales of approximately $15,000 a month at 5%, ATM approximately $830 per month net, Air/Vac approximately $150 per month net, Propane does approximately $350 net, and the company also has fuel rebates of approximately $2,000 per month. The business has limited competition and is close to the ferry station to NYC, a marina and a residential neighborhood. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate and no school training is required to purchase. This company has five full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $9,800. The business has an assignable commercial lease which expires 2023-01-01, plus additional options, with a monthly rent of $10,902, all in, cost per square foot is estimated at 18.80 and rent security of approximately $10,000 and $40,000 fuel deposit. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,100 square feet and has an estimated capacity for fifteen customers. The business fixed assets has an estimated value of approximately $245,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, web site, social media venues, displays, shelving, POS system, tables, computers, two 10,000-gallon DWF tanks approximately 5 years old, 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. The facility has appropriate private parking on site as part of the commercial lease. This successful gas station business operation is active seven days per week, with hours from 5:00 am to 11:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

 


Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

 


Potential Growth:

The business can be further improved with corporate fuel accounts and an onsite owner operator to develop the gross sales.


Financing/Terms:

May be available to a qualfied buyer with an appropriate down payment.