LISTING ID # 37223

Semi-Absentee, Turnkey Operation A branded gas station and convenience store that sits on a large corner lot on a major highway in Monmouth County, New Jersey is available. This station is 31 Years old, open 24/7, and is operated by 2 managers who order, schedule and run the shifts. The owner does the banking and the payroll and not much more. The gas station pumps 80,000 gallons per month at a profit margin of 30 cents regular and near 90 cents for plus and premium. There are three 10,000-gallon, steel single wall tanks one of which can be converted to diesel. The are four new pumps, dispensers, eight hoses, and a contract or two with private companies in the area. The 2,000 sq. ft. convenience store is equipped with new coolers and condensers, cameras and an alarm system. It offers hot and cold foods, snack items, lottery, propane gas, air and vacuum machines, and comes with significant rental income from a variety of vendors including a major coffee and donut supplier, a hot dog vendor, an ATM/Bit Coin machine, parking spaces, and more. The foot traffic in the store for the hot foods and the lottery sales in particular is huge. 30% of the sales are in cash and can be proven. There are 16-years left on the lease. Add diesel fuel to the mix and develop a generational lifetime of income. After four years, the current owner has another business and has decided to sell this business to focus on that and to retire the debt brought on by his acquisition and improvements to the business.