Franchise Gas Station

Not Disclosed, NJ
Essex County

Essex County


Asking Price: Annual Revenue:
$50,000 $144,000

Automotive & Boats: Gas Stations


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RE: Franchise Gas Station Broker: Ron Cervelli

Quick Facts

Asking Price: $50,000
Annual Revenue: $144,000
Net Profit: Not Disclosed
Cash Flow: $37,200
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 13773909
Broker Reference #: GST372

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Business Overview:

Franchise gas station with 780,000 gallons of yearly fuel sales with an average pool margin profit of $.15 cents per gallon. This business as an absentee owner and three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll approximately $3,200. The business has an assignable six-year commercial lease which expires 2022 plus additional options with a monthly rent of $4,680 all in and rent security $5,000. The business has been valued at $50,000 based on a multiple of the net yearly income and the value of the specific business assets. Buyer is responsible for $40,000 fuel deposit. The yearly gross income is $144,000 and the business has a yearly net income of $37,200 based on an Absentee owner and prior to debt service. This transaction is a dependable business opportunity.

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Property Features and Assets:

The gas station which is 2,000 square feet with a small office has a modern and professional appearance. The business is on a very active county road with other active and successful businesses. This opportunity is in Northern New Jersey, Essex County which consists of various highly populated communities with continued demand for this product.

Market Competition and Expansion:

To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The business presently has a limited number of corporate accounts and if improved can further develop the business bottom line net income.

Reason for Selling:

The owner has an alternative business out of the a

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.

Documents:

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