Download PDF
Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
Broker Contact Form
Name

Email

Phone

Comment


Franchise Gas Station
(Automotive , Gas Station)
Essex County , NJ
Listed Price: $ 50,000
Listing ID: GST341

Listing DetailsGross Revenue: $ 144,000
Cash Flow: $ 37,200
FFE: $ 45,000 (Included in Price)
Inventory: $ 40,000
Franchise Info: This business is an established franchise
Reason for Sale:

The owner has an alternative business out of the area.


Training & Support:

The owner will remain post-closing for to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2012
Days & Hours of Operation: Mon.-Sun. 6am-10pm
Non-owner Payroll: $ 3,200
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 4,680
Square Footage: 2000
Facilities:

The gas station which is 2,000 square feet with a small office has a modern and professional appearance. The business is on a very active county road with other active and successful businesses. This opportunity is in Northern New Jersey, Essex County which consists of various highly populated communities with continued demand for this product.


SummaryBusiness Description:

Franchise gas station with 780,000 gallons of yearly fuel sales with an average pool margin profit of $.15 cents per gallon. This business as an absentee owner has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll approximately $3,200. The business has an assignable six-year commercial lease which expires 2022-01-01 plus additional options with a monthly rent of $4,680 all in and rent security $5,000. The business assets have an estimated value of $45,000 and the sale consists of a fully equipped gas station. 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 municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $50,000 based on a multiple of the net yearly income 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. Plus $40,000 fuel deposit. This transaction is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a wonderful investment return to the owner operator prior to debt service. 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.


Competition:

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


Potential Growth:

The business presently has a limited number of corporate accounts and if improved can further develop the business bottom line net income.