Business For Sale

Gas Station with Auto Repair

Not Disclosed, NJ
Morris County


Asking Price: Annual Revenue:
$89,000 $284,000

Automotive & Boats: Gas Stations


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RE: Gas Station with Auto Repair Broker: Ron Cervelli

Quick Facts

Asking Price: $89,000
Annual Revenue: $284,000
Net Profit: Not Disclosed
Cash Flow: $65,000
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 3
BBN Listing #: 29843909
Broker Reference #: GST347

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Business Overview:

Good business opportunity to own a successful gas station with auto repairs. This franchise gas station has a gross income of $284,000 plus an additional $200,000 in auto repair and a net yearly income of $65,000 based on an onsite owner operator. BP pays $.07 per gallon of gas sold. This company has three employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $6,800. The business has an assignable commercial lease which expires March 2019 plus additional options, with a monthly rent of $5,950, and rent security of approximately $15,000. Tenant also responsible for $1,278.75 in real estate taxes. Also, fuel security of approximately $55,000. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped gas station and auto repair business. This successful gas station auto repair business operation is active seven days per week, with hours from 6:00 am to 11:00 pm. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent and dependable investment return to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

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Property Features and Assets:

The station consists of a 10,000-square foot site and a 2,500-square foot free standing building. This opportunity is in Northern New Jersey, Morris County, which consists of various highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business can be expanded with an improved marketing plan and corporate fuel accounts.

Reason for Selling:

The sale is due to the owner alternative business.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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