Business For Sale

Gas Station with Convenience Store

Not Disclosed, NJ
Monmouth County


Asking Price: Annual Revenue:
$329,000 $1,409,000

Automotive & Boats: Gas Stations


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RE: Gas Station with Convenience Store Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to a qualified buyer.

Quick Facts

Asking Price: $329,000
Annual Revenue: $1,409,000
Net Profit: Not Disclosed
Cash Flow: $144,000
Total Debt: Not Disclosed
FF&E: $245,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 5
BBN Listing #: 37993909
Broker Reference #: GST348

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Business Overview:

Gas station and retail convenience store located in Central New Jersey consisting of a 2,100 square foot facility with a 2017 yearly gross sale from the C Store of $1,409,000. The business also has a yearly net income from Gas Sales of $32,277, Lotto commission of $12,000, rebates of $10,000 and more. The business obtains $.08 cpg net to operator for all gas sales. All gas credit card fees and gas sales tax are paid by the fuel distributor. The retail store has a consistent yearly gross income with an average 30% gross profit. The business also has 5%, ATM approximately $830 per month net, and Air/Vac approximately $150 per month net. The business has limited competition and is close to the ferry station to NYC, a marina and a residential neighborhood. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate and no school training is required to purchase. This company has five full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,100. The business has an assignable commercial lease which expires 2023-01-01, plus additional options, with a monthly rent of $10,902, all in, cost per square foot is estimated at 18.80 and rent security of approximately $10,000 and $40,000 fuel deposit. The business fixed assets has an estimated value of approximately $245,000 which is based on equipment and licensing replacement cost. This successful gas station business operation is active seven days per week, with hours from 5:00 am to 11:00 pm.The business has been valued / priced at $329,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. $25,000 franchise transfer fee is required and training. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. 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:

This successful retail facility which consist of approximately 2,100 square feet has a modern professional appearance. The facility is on an active county road with high volume drive by traffic. The station has 4 gasoline fueling positions, is full serve, has a canopy, and pay at the pumps. The business has a Gilbarco passport, veeder-root, backroom software for fuel distribution. This opportunity is in central New Jersey, Monmouth County, which consists of various densely populated communities with continued demand for this industry.

Market Competition and Expansion:

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 further improved with corporate fuel accounts and an onsite owner operator to develop the gross sales.

Reason for Selling:

The sale is due to the owner continued absenteeism

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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