Bank Owned Unbranded Gas Station On Major Route

Monmouth Junction, NJ
Middlesex County

Major Busy Route

Asking Price: Annual Revenue:
$900,000 Not Disclosed

Automotive & Boats: Gas Stations

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RE: Bank Owned Unbranded Gas Station On Major Route Broker: Marlene Pagan

Quick Facts

Asking Price: $900,000
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 #: 488856097
Broker Reference #: 2043 NJP

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Business Overview:

Unbranded gas station on one of New Jersey busiest route with over 30,000 cars a day travel this road. The station is currently in need of some rehab due to the current operator who has ran the business into the ground. There is several things that will need to be done here and with the right lending could be done very easily. Depending on how you operate this site will dictate what needs to be done first. The pumps which are 6 of them will need to be upgraded soon but they are still in working conditions and have been working the station is opened. We do not have any numbers on gas or store sales due to us dealing directly with the bank that owns the property not the operator. The tanks 3 total will also need to be changed within a couple of years which could be done with the right financing (REHAB LOAN) right away if new buyer wanted. The canopy could also be replaced if wanted if not just repaired for leaks and maybe new lighting and that's it. The station could be ran just the way it is to build up some cash for repairs if not we have fuel companies that would be willing to repair the site and rebrand. The new buyer will have the option to keep as is unbranded or brand the site and get everything done for a fuel contract in place. This site has been comp to see what has been sold in the area and for what price. The asking price is going to be set to market value with a little wiggle room for repairs. A similar property was recently sold with half the property and off the major route for $1.9 million so with that being said the property is priced at $1.5 Million at under market value. WE HAVE TALK TO THE BANK WHO IS NOW WILLING TO SELL PROPERTY FOR $900,000. THAT'S $600,000 LESS THAN ORIGINAL ASKING PRICE OF $1,500,000. Major Route Station - No Fuel Contract - Under Market Value - Make An Offer.

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Market Competition and Expansion:

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Additional Details:

  • The property is owned.
  • 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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