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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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New Gas Station & Property
(Automotive , Gas Station)
Middlesex, New Jersey
Listed Price: $ 1,195,000
Listing ID: GST334

Listing DetailsGross Revenue: $ 1,582,077
Cash Flow: $ 192,653
FFE: $ 450,000 (Included in Price)
Inventory: $ 35,000 (Included in Price)
Reason for Sale:

 

Owner is retiring after many successful years in this industry.

 


Training & Support:

 

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

 


OperationsYear Established: 2006
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 20000
Type of Location: Stand Alone
Facilities:

This opportunity is in Central New Jersey, Middlesex County, which consists of various and highly populated communities with continued demand for this product and industry. The retail facility which consist of approximately 1,000 square feet has a modern and professional appearance. The business is on an active county road with many other commercial active and successful businesses. The property which consists of a 4A commercial site, 19,240 square feet, property taxes $14,342, tax rate $19.17, Ratio 98.64 and assessment is $748,200.


SummaryBusiness Description:

Modern twelve (12) year young fuel gas station with retail convenience deli business and real estate / property on an active four lane highway. The business produces a high volume with a substantial pool margin and a substantial profit to the owner operator. The facility has no environmental problems and no required monitoring. 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. Based on a 25-year payout at 6% interest, approximately 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. For Qualifications purposes, this business opportunity and industry does not require government licensing approval to purchase or operate other than the standard municipal and state licenses. This opportunity is in Central New Jersey, Middlesex County, which consists of various and highly populated communities with continued demand for this product and industry. The retail facility which consist of approximately 1,000 square feet has a modern and professional appearance. The business is on an active county road with many other commercial active and successful businesses. The property which consists of a 4A commercial site, 19,240 square feet, property taxes $14,342, tax rate $19.17, Ratio 98.64 and assessment is $748,200. Regarding employees and payroll, this fuel gas station and C store business routinely has three 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 $3,666. This business transaction includes the real estate. This business opportunity is located in a free stranding commercial facility, on an active county road, consists of approximately 1,000 square feet and has an estimated capacity for numerous vehicles. The business fixed assets has an estimated value of approximately $450,000 which is specifically based on the original equipment and licensing replacement cost. This transaction consists of a fully equipped commercial gas station and retail store, which includes, required licenses, three 12,000-gallon double wall fiberglass fuel tanks, four MPD’s, displays, shelving, POS system, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. This successful gas station business operation is active seven days per week, with hours from 6:00 am to 10:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state and city licenses to conduct its day to day business. The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. The purpose of this business transaction is due to the owner retirement after many successful years in this industry. The business can be further expanded by the new operator, by developing corporate accounts, Lotto, ATM, adding diesel, increasing the products in the convenience store and improving the web site and if improved can further develop the business yearly gross sales. 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. The 2017 yearly gross income represented by the seller owner is $1,582,077 and the business has a yearly net income of approximately $192,653 prior to any debt service. The convenience store has a gross income of $102,000, fuel sales of 500,000 gallons per year at an average pool margin of $.85 per gallon. Due to the possible non-disclosed income, a formal due diligence is recommended to the purchaser.
This business opportunity which includes the real estate has been valued / priced at $1,195,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 by the new operator, by developing corporate accounts, Lotto, ATM, adding diesel, increasing the products in the convenience store and improving the web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

 

Can be available to a qualified buyer with an appropriate down payment.