Gas Station / Convenience Store
Location:
United States
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California
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Northern California - Bay Area
->
Milpitas
Industry: Auto Related > Gas Station
Business Summary
Gas Sales Volume Is About 360,000 Gallons Per Year.
Gas Sales Of About $1,000,000 Per Year.
Profit Per Gallon Of About $0.25.
Pge About 450/Mon.
Water About 50/Mon.
Net Income Is $42,000 Per Year.
Major Discount In Rent First 2 Years: $3,500 Plus Nnn For First Two Years. Rent To Adjust To $6,500 Plus Nnn In Year 3.
Contact for more information on this Gas Station / Convenience Store for sale.
Station Currently Only Accepts Cash Purchase. New Owner Could Expand Business Significantly With Credit Card Transactions. Tanks Replaced 16 Years Ago With Double Covered, Fiberglass. Phase I Repairs Paid For Already And Work To Be Completed By Sept. 30. This Is A $43.5K Savings To The Buyer. Station Is Not Required To Have Phase Ii Or Iii Work Completed. One Bay Is Rented For 350/Mon And The Other Two Could Be Subleased For Similar Amounts. The Three Bays Cannot Be Used For Repairs Or Retail Without Significant Modification. Buyer To Pay For Inventory Of Gas In Tanks At The Close Of Escrow Based On The Wholesale Price Paid By Seller.
The Seller Also Has A Convenience Store Next To The Station Which Is For Sale Separately. Purchase Of Both May Qualify For A Discount. Seller Is Looking For An All Cash Purchase. Business Should Qualify For Sba\.
All Information Is Provided By The Seller And Is Believed To Be Reliable.
Versant Business Team, Inc. Or Its Employees Have Not Verified Any Of The Information Or Facts About This Business. Buyer Takes On All Responsibility For Due Diligence Regarding The Evaluation Of This Business. Buyer Is Advised To Talk To Accountants, Cpas And Attorneys Before Making An Decision On A Business Purchase.
Financials
Asking Price Range: < $250K
Gross Revenues:
$1,000,000
Cash Flow:
$42,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1989
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: As negotiated.
Reason For Selling: Retiring.
Click on the "I'm Interested" button above for more information on this Auto Related > Gas Station business for sale.
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Print Listing Id: 700111659
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