Owner Financing is Available!
Business Overview:
Imagine owning a Union 76 Gas Station, located on a “Hard Corner” in the San Fernando Valley - with an unbelievable $60/Month NNN Land Lease! Believe it or not - IT’S TRUE! 38-YEARS remaining with current lease, so the rent for this property will never exceed $720 for the entire year! This gas station is located on a Hard Corner of two busy main roads. Very high visibility and busy traffic! Gas station also has a small snack shop selling 15K monthly. Currently pumping 75,000 gallons each month. Also sells propane. Auto Shop has 3-Bay Mechanic Shop, which has monthly gross sales of $20K. The new Buyer would be wise to consider remodeling the location to a brand new Union 76 “Extra Mile” C-Store! Important Note – Seller has just spent $75K on the EVR system. Brand New! Store hour 7 days a week from 6am – 11pm.
Virtual Tour www.tourfactory.com/792058
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:
This gas station is located on a Hard Corner of two busy main roads. Very high visibility and busy traffic!
Location: San Fernando Valley, CA
Asking Price: $1,699,995.00
Annual Gross: $2,450,000
Annual Net: $240,000
FF&E: $199,000
Inventory: $23,000 [Not Included]
Owner Since: 1985
Employees: 4 FT
Market Competition and Expansion:
Potential: Already has Convenience Store permit confirmed. New owner can build a brand new C-store to generate more revenue.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: