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Gas Station With Convenience Store
Location: United States -> New Jersey -> Monmouth County
Industry: Auto Related > Gas Station




Business Summary

Gas station and retail convenience store located in Central New Jersey consisting of a 2,100 square foot facility with a 2017 yearly gross sale from the C Store of $1,409,000. The business also has a yearly net income from Gas Sales of $32,277, Lotto commission of $12,000, rebates of $10,000 and more. The business obtains $.08 cpg net to operator for all gas sales. All gas credit card fees and gas sales tax are paid by the fuel distributor. The retail store has a consistent yearly gross income with an average 30% gross profit. The business also has 5%, ATM approximately $830 per month net, and Air/Vac approximately $150 per month net. The business has limited competition and is close to the ferry station to NYC, a marina and a residential neighborhood. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate and no school training is required to purchase. This company has five full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,100. The business has an assignable commercial lease which expires 2023-01-01, plus additional options, with a monthly rent of $10,902, all in, cost per square foot is estimated at 18.80 and rent security of approximately $10,000 and $40,000 fuel deposit. The business fixed assets has an estimated value of approximately $245,000 which is based on equipment and licensing replacement cost. This successful gas station business operation is active seven days per week, with hours from 5:00 am to 11:00 pm.The business has been valued / priced at $395,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. $25,000 franchise transfer fee is required and training


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,409,000
Cash Flow:   $144,000
Cash Flow Type:  EBITDA
Inventory:  $245,000
Seller Financing:  Yes

About The Business

Year Established:  2000
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:  The sale is due to the owner continued absenteeism and alternative business.

Photos

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Gas Station With Convenience Store Photo 1




Print Listing Id: 700326719
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Related Searches: Auto Dealers  >  Auto Parts Retail and Distribution  >  Auto Rental  >  Auto Repair  >  Car Wash  >  Gas Station  >  Other Auto Related  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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