Gas Station / Convenience Store With Lotto & Repairs
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $720000
Net Profit / Cash Flow $120000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2009
Number of Employees 4 - 5
Inventory $290000 equipment & $40000 inventory.
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller will remain after closing and supply a long term transitional period.
Reason for Sale Relocating to Florida.
Description Luke Oil Gasoline station with active Convenience Store, Lotto and two bay garages. The business is located in Passaic County, Northern New Jersey on an active county road with a large volume of drive by traffic. The business income consists of high fuel sales, a busy C-Store, Lotto and auto repairs. The seller is retiring from the industry after many successful years and will train a new operator post closing. Franchise approval is required prior to closing. This is a wonderful business and excellent opportunity to enter the profitable auto industry. Please call for additional information. The site consists of 19,000 square feet and the ultra modern facility consists of 2,200 square feet. The business has a two bay garage, 1,200 square foot C Store and 1,200 square foot two bay garage. The facility also has a private office and lots of storage. Located in an active community of Morris County, Northern New Jersey on a county road close to two major state highways.
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