Gas Station with Franchise C-Store

Not Disclosed, NJ
Monmouth County


Asking Price: Annual Revenue:
$150,000 $1,198,565

Automotive & Boats: Gas Stations


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RE: Gas Station with Franchise C-Store Broker: Ron Cervelli
Owner Financing is Available!
May be considered to a qualified buyer.

Quick Facts

Asking Price: $150,000
Annual Revenue: $1,198,565
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $145,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 71913909
Broker Reference #: GST371

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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 2018 yearly gross sale from the C Store of $1,198,565. The business also has a yearly net income from Gas Sales, Lotto commission, rebates 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. 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, 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 $25,000 and $40,000 fuel deposit. The business has been valued / priced at $150,000 based on a multiple of three times the net yearly income which includes the value of the specific business assets. Also, financing may be available 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. 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 2,400 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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