Owner Financing is Available!
Business Overview:
LOCATION, LOCATION, LOCATION! GAS STATION, C-STORE & RENTAL APARTMENTS!
Here’s a great opportunity to own a newly remodeled Valero Gas Station with multiple streams of income, including: Gas Sales, C-Store and Rental Income from a Unique 3-Unit Apartment Complex! Great location, minutes away from the 91 Freeway with excellent street visibility and heavy drive-by traffic. You’ll also benefit from recently approved General Plan amendments in the City of Long Beach, including surrounding new developments + retail shops and restaurants to ensure future growth and long-term profits!
Sellers are extremely motivated to sell and are ready to retire. Since the remodel, they have not put in any effort to expand and grow their business. There is a HUGE potential for growth and expansion for anyone with motivation and experience! Additional sources of revenue can be generated with the addition of a liquor license, check cashing, hot food items or a remodel of the apartment units to add additional units and income. This would also be a great opportunity to offer grocery items as this is located in a residential area.
There are 4 pumps (8 filling stations) - Diesel is available at 2 of the filling stations. Currently pumping 50,000 gallons per month. C-Store Sales - $4,000/month, Apartment Rentals - $3,150/month. EVR system upgraded last year.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Store Sale: $48,000 / year at 45% profit margin; Apartment Rental: $37,800 / year;
Lotto commissions: $8000 per year;
ATM commissions: $1800 per year;
Phone cards: $1000 per year;
Inventory: Not included, sold separately;
Store size: approx. 1,100 sq. ft.;
Store has 9 door cooler;
Hours: Mon-Sunday (24 hours).
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: