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Business For Sale
LEASED COMMERCIAL IN UNIQUE LOCATION
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Asking Price: |
$3,211,000
USD USA Dollars
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Business for Sale Industry: |
Auto & Mech: Services & Gas Stations
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Reason for Selling:
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retiring |
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Yearly Cash Flow:
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$192,660 |
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Yearly Net Profit:
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$192,660 |
Business for Sale Overview:
Leased Commercial In Unique Location.
Location, location, location. Property for sale. Prime close-in Portland, Oregon hi-style newer gas station and Convenience store in heart of choice SW residential miles from any other gas stations. High traffic count on corner of two main arterials that feed to freeway and downtown.
The gas station operation reverts to the owner of the real estate in eight years at which time the business can be resold (the business sold 2 years ago for $600,000) or the owner can operate the business which historically had approximately $200,000 per year cash flow.
Very low risk due to location. The operator makes triple the margin compared to other citywide gas stations. Triple net income $192,660, 6% cap rate asking price of $3,211,000.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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