Price: $275,000
Location: Union, New Jersey
Industry: Gas Station
Listing ID: GAS385
Profitable franchise fuel station with yearly fuel sales of $2,405,000, 724,000 gallons yearly, lotto sales of $40,000 Net and C Store of $290,000 plus additional income, vacuum, propane. The franchise is fully responsible for the real estate taxes, tanks, pumps & environmental issues. Owner operator is responsible for all sales & customer service-related details inside the shop as well as surrounding area (restrooms, grounds keeping, etc.) The business has exterior Vacuums, air pump, lottery, & snack shop generate income. This is a very profitable fuel gas station which includes the franchise approval located on an active county road close to numerous state highways. The business produces consistent fuel sales with a substantial pool margin and a good profit to the owner operator. This is a dependable safe business opportunity and based on the asking price, estimated down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $2,400,000
Cash Flow: $85,000
FFE: $75,000 (Included in Price)
Inventory: $40,000
Reason For Sale:
The purpose of this business transaction is due to the owner retirement from the retail fuel industry.
Training & Support:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 2000
Owner Hours Per Week: Part time
Employees: Regarding employees and payroll, this auto fuel gas station business routinely has multipole employees and one employee working at any given time. The staff are unaware of the pending sale, the payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, monthly payroll expense is approximately $7,000.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: 7,000
Type of Location: Commercial Avenue
Square Footage: 6,000
Relocatable?: Yes
Facilities Information:
This opportunity is in Central New Jersey, Union County, which consists of highly populated communities with continue demand for this fuel service. The facility which consists of approximately 400 square feet consist of attractive Convenience retail shop, storage, and bathrooms.
Summary
Owner Qualifications:
For Qualifications purposes, this business opportunity requires franchise approval.
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, ATM, adding diesel, increasing the exterior products to purchase, and improving the web site and if improved can further develop the business yearly gross sales.
Financing/Terms:
Owner financing