Branded High Volume Gas 8 MPD w/C-Store For Sale

Kinnelon, NJ
Morris County

Gas Station in Morris county busy road

Asking Price: Annual Revenue:
$100,000 Not Disclosed

Automotive & Boats: Gas Stations

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RE: Branded High Volume Gas 8 MPD w/C-Store For Sale Broker: Jose Pagan

Quick Facts

Asking Price: $100,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 951256097
Broker Reference #: 1155 NJL

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Business Overview:

Branded High Volume Major Route 8 MPD Convenience Store For Sale. Well known Major brand fuel company site with loyal customers base for over 30 years in this city. The station is on one of Morris county's busy roads with a very high traffic count of over 40,000 cars/trucks commercial and residential travel on this road a day. This gas station was built and designed right to keep up with flow of traffic and has plenty of parking spaces (16 Total) for the 1,500 square feet store. The store is upgraded with new POS system with backup, new cameras that are phone compatible with alerts that the owner can see the entire property from home including transactions on register. The 1,500 square feet power house is bring in an average of $45,000 a month at a very high profit margin of over 40%. This location also has Lotto which averages out $2,000 a week $8,000 a month with plenty of room for improvements. There is an approval process with the fuel company for the new buyer. This station comes fully equipped with updated canopy, LED lighting and 8 MPD's that also have been updated with new (Pay At The Pump) card readers that makes the flow of traffic move quickly. The station has a steady volume of 100,000 gallons a month all year long with a Pool Margin of 10-15 cents per gallon. There is no credit card fees the fuel company takes care of that which means more $ in your pocket. The station is being sold with a standard PMPA lease which is a revolving lease that automatically renews every 3 years. The rent is $10,500 with the current seller running location 100% owner absentee and now just lost his manager due to car accident. This seller bought this location for over $200,000 16 months ago and now today 9-25-2019 text me that he would be willing to sell for $120,000 which means $100,000. The seller claims a net of $72,000 a year and can prove all numbers we have over 3 years of store and gas numbers. There is also a fuel deposit required by fuel company for $75,000 that is based on experience so if you have experience it will be less for you. The station has been priced below market value for a quick sale with seller looking to move quickly his loss your gain. Make an Offer.

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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 not a franchise resale opportunity.

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