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Absentee Owned Branded Gas Station-Very Profitable!

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Arlington, Virginia (Arlington Co.)   |  Auto and Automotive Businesses for Sale – Auto Body and Repair Businesses for Sale   |  Businesses for Sale Between $250k and $500k

Business Description

A very profitable absentee owned gas station that comes with a small c-store & 3- bay repair shop. The repair ship is fully rented out to the lead mechanic whom he pays to the owner $11,000/mo. Typically; the repair shop does around $70k/mo. So this would be a great opportunity for a mechanic buyer to either split with the other mechanics on a 50/50 basis or completely take control of the bay shop and simply pay the other mechanics salary + commission. Lead mechanic is on a month-to-month lease and has been there for many years. There is also opportunity to add kerosene & diesel if desired, to increase income. Also, add lottery to increase income even further. Don't miss it!

About the Business

Year Established:
1950
Number of Employees:
2
Facilities:
Well laid out gas station with 3 repair bay shops and c-store. Rent: $19,800/mo with 3 years automatic renewal.
Market Outlook/
Competition:
Prime location overlooking a major road/intersections.
Growth & Expansion:
Possible by adding lottery and if the buyer is a mechanic. Current owner is not a mechanic & completely absentee!
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About the Sale

Reason For Selling:
Seller wants to get into commercial real estate
Training/Support:
2 weeks training.
Seller Financing:
No bank or seller financing available. Must be all in cash.

Listing Info

ID:
1257855
Ad Detail Views:
1188
Asking Price:
$500,000

Gross Revenue:
$2,100,000
Cash Flow:
$163,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$50,000
not included in asking price

FF&E:
 Not Disclosed

Real Estate:
 Not Disclosed

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Business Listed by

Omar Alhariri, CBI

DC Business Broker, Inc.

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