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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 is active seven days per week, with hours from 6:00 am to 10:00 pm. 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. 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. This transaction is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a wonderful investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
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.
The business presently has a limited number of corporate accounts and if improved can further develop the business bottom line net income.
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 owner has an alternative business out of the area.
The owner will remain post-closing for to supply an appropriate transitional period to the new operator.
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