The Oasis
Location:
United States
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New Jersey
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Margate
Industry: Retail > Convenience Stores Retail
Business Summary
Not just a gas station, and not just a convenience store. A Mega Convenience Center! 'The Oasis' ... a stopping experience. TO BE BUILT - The Oasis will feature a 24/7 Super Convenience Center. 20 high speed fuel pumps, a 24/7 pharmacy, a full service bank, a convenience store like you've never experienced, two high profile fast food restaurants, quality take-out meals, a Starbuck's or equivalent cafe, Atlantic City brand ice cream manufacatuared on site, fresh produce, coffee, breakfast, 24 hour dry-cleaning pickup and much more. All located in the center of the action of Atlantic City's greatest expansion since the introduction of casino gambling.
Over 2 acres of prime commercial property bordered by three main thoroughfares, Rt. 30, MLK Blvd. & Kentucky Ave. This corner is adjacent to the exit of the tunnel constructed to feed Atlantic City Expressway traffic direct to the Marina District and the 4 Billion Dollar Borgata, Harrah's Casino & Trump Marina. Nearly 60 thousand casino employees, three more gorgeous casino's are being built, existing casino's are doing millions in renovations.Atlantic city boasts 40 million visitors each year.
Projections: 2nd year projections $1.5 million gas sales $3.5 million store sales 5th year projections expected to exceed 75 million / year. Investment back in 8 years or less ... what an Annuity! Email or call Doreen 'Dee' Kraemer, Realtor at 609-822-5155 or Marla Pisner, Realtor at 609-841-2471. Weichert, Realtors Seagate 9401 Ventnor Avenue Margate, NJ 08402 Office: 609-822-5155 for more information on this business for sale.
Financials
Asking Price Range: $20.0M - $35.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: EBITDA
Seller Financing: Not Disclosed
About The Business
Year Established: 2006
Number of Employees: 10 - 19
Relocatable: No
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Yes.
Reason For Selling: To be built.
Photos
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Click on the "I'm Interested" button above for more information on this Retail > Convenience Stores Retail business for sale.
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Print Listing Id: 70071043
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