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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Independent Gas Station with Property
(Automotive , Gas Station)
Gloucester County , NJ
Listed Price: $ 599,000
Listing ID: GST349

Listing DetailsGross Revenue: $ 157,500
Cash Flow: $ 80,600
FFE: $ 170,000 (Included in Price)
Inventory: $ 25,000
Reason for Sale:

The sale is due to owner’s absenteeism and is located out of the area.


Training & Support:

The seller owner will remain after closing and supply training


OperationsYear Established: 1995
Days & Hours of Operation: Mon.-Sun. 6am-11pm
Non-owner Payroll: $ 2,900
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 10000
Facilities:

The business is located on an active county road with thousands of daily drive by vehicles. The site consists of a 10,000-square foot pad and the retail facility consist of approximately 1,355 square feet with a clean attractive appearance. The business is in an active commercial area with various other active and successful businesses. This opportunity is in Central New Jersey, Gloucester County, which consists of various populated communities with continued demand for this particular product.


SummaryBusiness Description:

Solid business opportunity for this independent gas station, with an option to purchase the property, no fuel contract, Lotto approval and located on an active county road in the County of Gloucester, New Jersey area. The business has yearly fuel sales of 1,000,000 gallons, yearly gross outside sales from the convenience store is approximately $75,000, and the gross income is approximately $157,500. As an onsite owner operator, the business has a projected dependable net yearly income which represents an excellent return on investment. This is a wonderful business opportunity for a first-time owner. This retail fuel and C Store company has 2 full-time and 3 part-time employees with a monthly payroll of $2,900. The business assets have an estimated value of $170,000 . The business 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 purchase projects to supply a consistent investment return to the owner operator prior to debt service. Based on a 25-year payout at 5% interest, 20% down payment, purchaser would obtain a consistent net yearly income return on investment after 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 and 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 marketing plan for corporate fuel accounts and if improved can further develop the business bottom line net income.


Financing/Terms:

Available to a qualified buyer with an appropriate down payment.