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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Gas Station C Store & Lotto
(Automotive , Gas Station)
Morris County , NJ
Listed Price: $ 150,000
Listing ID: GST344

Listing DetailsGross Revenue: $ 379,760
Cash Flow: $ 60,000
FFE: $ 78,000 (Included in Price)
Inventory: $ 60,000
Reason for Sale:

The purpose of this business transaction is due to the owner is relocating.


Training & Support:

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


OperationsYear Established: 1998
Days & Hours of Operation: Mon.-Sun. 6am-11pm
Non-owner Payroll: $ 4,500
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Monthly Rent: $ 8,988
Square Footage: 1500
Facilities:

This gas station business opportunity is in Northern New Jersey, Morris County, which consists of numerous highly populated municipalities and communities with continued demand for this industry. This successful fuel and retail facility which consist of approximately 1,500 square feet has a modern and attractive appearance to the customers they serve. The station consists of four MPD for high volume service and a large canopy.


SummaryBusiness Description:

Wonderful business opportunity for this profitable Gas station and Retail Convenience business with active lotto located on a major state highway in Northern New Jersey. The gas fuel yearly income is approximately $214,200, the C store is $480,000, Net Lotto income is approximately $24,400, plus air, propane and ATM. The business is maintained with a semi absentee owner, gross income of $379,760 with a consistent net yearly income. This is solid business opportunity to purchase this active gas station with lotto income, and retail Convenience located in Morris County, Northern New Jersey. Regarding employees and payroll, this franchise gas station and retail company routinely has four full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $4,500. The business transaction has an assignable commercial lease which expires 2028-01-01, plus additional options available, with a monthly rent of $8,988, cost per square foot is estimated at $26.89 and rent and fuel security of approximately $60,000. The business fixed assets has an estimated value of approximately $78,000 which is specifically based on the original equipment and licensing replacement cost and the net yearly cash flow. This successful fuel and retail C Store business operation is active seven days per week, with hours from 6:00 am to 11:00 pm. The business has been valued / priced at $150,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 the photo does Not represent this particular business opportunity.


Competition:

Regarding 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 expanded with an onsite owner operator, presently has a limited marketing plan, no local advertising, no fuel customer accounts, poor web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Seller financing is available to a qualified buyer.