Gas Station with Convenience Store

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Asking Price:
$425,000

Gross Revenue:
$1,455,424
Cash Flow:
$141,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$245,000
included in asking price

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Business Description

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 $1,455,424. 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 2023-01-01, 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 has been valued / priced at $425,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank 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.

About the Business

Location:
Monmouth County, New Jersey
Year Established:
2000
Number of Employees:
5
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
2,100
Rent:
$10,902.00 Per Month
Facilities:
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 Outlook/
Competition:
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.
Growth & Expansion:
The business can be further improved with corporate fuel accounts and an onsite owner operator to develop the gross sales.
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About the Sale

Reason For Selling:
The sale is due to the owner continued absenteeism and alternative business.
Training/Support:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:
Available to qualified buyers.

Listing Info

ID:
1620445
Ad Detail Views:
0

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Business Listed by

Ron Cervelli

Regal Consulting Corp.

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U.S. Census Data for Monmouth County, NJ
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Monmouth County, NJ
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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