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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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High Volume Gas Station
(Automotive , Gas Stations)
Morris County , NJ
Listed Price: $ 275,000
Listing ID: GST346

Listing DetailsGross Revenue: $ 3,863,956
Cash Flow: $ 99,671
FFE: $ 125,000 (Included in Price)
Inventory: $ 100,000
Reason for Sale:

The owner is presently an absentee owner with an alternative business.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 2014
Days & Hours of Operation: Mon.-Sun. 6am-11pm
Non-owner Payroll: $ 6,095
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 25000
Monthly Rent: $ 10,000
Square Footage: 75000
Facilities:

This is a modern highly successful retail fuel station which consist of approximately 75,000 square feet with a multiple entrance and a wonderful appearance. The station has a huge canopy, three islands and eighty MPD. The business consists of a free-standing facility which is on an active state road with thousands of daily drive by vehicles. The general area has many other successful businesses. This opportunity is in Northern New Jersey, Morris County, and the general area consists of various highly populated communities with continued demand for this fuel product.


SummaryBusiness Description:

Profitable Gas station with yearly fuel sales of one million eight hundred thousand (1,800,000) gallons with a high pool margin and solid net income to the owner operator. This retail gas station has a gross income of $3,863,956 and a consistent net yearly income. The business average pool margin (gallon profit margin) averages from $.16 to $.20 cents, which represents a substantial profit to the owner. The business also offers diesel fuel to its retail customers. The facility is on an active state highway, is approximately 75,000 square feet and has a capacity for twenty-five vehicles. The facility is pre-approved for a retail convenience store which will substantially increase the cash profit to the owner. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate however, franchise approval is required in addition to the standard required municipal licenses. With respect to employees and payroll, this gas stations company consist of six full / part time employees who are unaware of the pending sale. The payroll is primarily based on a standard hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $6,095. The franchise gas station transaction has an assignable commercial lease which expires 2034-01-01, plus additional options available, with a monthly rent of $10,000, cost per square foot is estimated at $1.90, and rent security of approximately $25,000. The sale includes the sale of the business fixed assets has an estimated value of approximately $125,000 which is based on the original equipment and licensing buildout & replacement cost in addition to the multiple of the existing net yearly income. This successful franchise gas station 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 $275,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. The franchise requires fuel security of approximately $100,000. 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 retail fuel company 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 by the new operator, with the opening of the retail convenience business and by developing commercial accounts which includes diesel fuel sales with the various businesses in the general area. Additionally, the owners are fully absentee and out of the immediate area.


Financing/Terms:

Seller financing is available to qualified buyer