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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Gas Station with Auto Repair
(Automotive , Gas Station)
Morris COunty , NJ
Listed Price: $ 89,000
Listing ID: GST347

Listing DetailsGross Revenue: $ 284,000
Cash Flow: $ 65,000
FFE: $ 95,000 (Included in Price)
Inventory: $ 55,000
Reason for Sale:

The sale is due to the owner alternative business.


Training & Support:

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


OperationsYear Established: 2009
Days & Hours of Operation: Mon.-Sun. 6am-11pm
Non-owner Payroll: $ 6,800
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 15000
Monthly Rent: $ 5,950
Square Footage: 2500
Facilities:

The station consists of a 10,000-square foot site and a 2,500-square foot free standing building. This opportunity is in Northern New Jersey, Morris County, which consists of various highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Good business opportunity to own a successful gas station with auto repairs. This franchise gas station has a gross income of $284,000 plus an additional $200,000 in auto repair and a net yearly income of $65,000 based on an onsite owner operator. BP pays $.07 per gallon of gas sold. This company has three employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $6,800. The business has an assignable commercial lease which expires March 2019 plus additional options, with a monthly rent of $5,950, and rent security of approximately $15,000. Tenant also responsible for $1,278.75 in real estate taxes. Also, fuel security of approximately $55,000. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped gas station and auto repair business. This successful gas station auto repair business operation is active seven days per week, with hours from 6:00 am to 11:00 pm. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent and dependable investment return to the owner operator prior to debt service. 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:

Competitors presently exist in the industry and 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 expanded with an improved marketing plan and corporate fuel accounts.