Price: $1,100,000
Location: Middlesex County, New Jersey
Industry: Gas Station
Listing ID: GST386
Profitable gas station business opportunity for this independent fuel station with No fuel contracts and two car auto bays. This fuel gas station which includes the real estate is conveniently near to numerous active highways. The business produces consistent fuel sales with a high pool margin and a consistent profit to the owner operator. The facility has no active environmental concerns, this is a dependable safe business opportunity and expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $2,200,000
Cash Flow: $100,000
FFE: $175,000 (Included in Price)
Inventory: $10,000
Real Estate:$950,000 (Included in Price)
Reason For Sale:
Owner retiring
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: 1995
Days & Hours of Operation: This gas station and business operation is active seven days per week, with hours from 6:00 am to 11:00 pm.
Owner Hours Per Week: absentee
Employees: Regarding employees and payroll, this auto fuel gas station business has two 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.
Absentee Owner?: Yes
Location
Square Footage: 5,000
Facilities Information:
This opportunity is located in Central Northern New Jersey, Middlesex County, which consists of highly populated communities with continue demand for this retail fuel product. The site consists of approximately one-half acre and the facility consist of a two fuel pumps, two bay garage, full canopy, office, storage, and bathrooms representing 1,900 square feet. The business is on an active county road near to numerous malls and various other commercial active and successful businesses. The property consists of .58 acres and property taxes are approximately $8,500. Assessment - Land: $90,000.00 Improved: $79,000.00 Total: $169,000.00. 2020 Estimated Taxes: $8,504.08 Tax Rate: $50.32 Ratio: 41.11
Summary
Owner Qualifications:
For Qualifications purposes, this business opportunity and industry does not require state government licensing to purchase other than the standard required municipal licenses.
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, increasing the exterior products to purchase and improving the web site and if improved can further develop the business yearly gross sales.
Financing/Terms:
Possible Owner financing.