Asking Price: $950,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Available for sale is a net leased Turkey Hill gas station and convenience store with three (3) years remaining on the current lease term and six (6) remaining 5-year extension options with 10% increases every five years. Turkey Hill completed a significant upgrade to the gasoline facilities with the installation of new dispensers and upgraded piping and tank components in May of 2017 exhibiting a commitment to the site.
1. Insulation from inflation risk with both percentage rent and 10% base rent increases every five years.
2. Lessee exhibited commitment to the site as they recently (May 2017) completed a significant upgrade to the gasoline facilities with the installation of new dispensers and upgraded piping and tank components.
3. Property is located adjacent to King’s College.
4. At the asking price of $950,000, the cap rate is 7.2% based on current base rent of $57,420 and percentage rent of $10,740.
5. This is a net lease with few Landlord responsibilities.
About the Business
Wilkes Barre Township, Pennsylvania
1-story, block exterior, shingle roof, public utilities, gas forced hot air heat, central a/c, tile floor covering.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.