Independent Gas Station
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $150000
Net Profit / Cash Flow $89000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 1 - 3
Inventory 225000 Equipment Only
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training The seller will supply a full transitional period and remain thirty days post closing.
Reason for Sale The seller is retiring after many years of success in this auto industry.
Description Independent Gas Station & property located on an active county road with lots of drive by traffic in a wonderful area of Middlesex County, New Jersey. The sale includes a profitable fuel station with upgraded fuel tanks, all new lines and equipment including the real estate. The owner is retiring after many successful years in the industry and will supply a sixty day training period to the purchaser post closing. The facility has three tanks, eleven years young, fiberglass double wall, consisting of one 10,000 and two 6,000 gallon tank. The business offers all levels of fuel including diesel to its various customers. The business sells an average of 840,000 yearly with an average pool margin of $.15 per gallon profit as a direct independent operator. The business also offers additional sales such as drinks, cigarettes and auto supplies. The price is fixed at fair market value and the seller is offering some financing to qualified buyers. Based on the asking price, required down payment and net income this business should supply a 22% return to the owner operator prior to debt service. The site is 125 by 65 feet and the facility consists of 350 square feet with a clean modern appearance and all equipment is in excellent working condition. The business is located in Middlesex County, New Jersey on an active county road close to various state highways. This fuel station is sixty years young and services numerous communities with a continued need for this product.
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