Gas Station & C-Store
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $20000000
Net Profit / Cash Flow $595000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1998
Number of Employees 10 - 19
Inventory $750,000 equipement only.
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The seller will remain after closing and supply an appropriate transitional period.
Reason for Sale The owners are semi absentee due to alternative business opportunities.
Description Two Independent gas stations consisting of a one acre truck stop which produces a super volume of gas, diesel sales, high volume C Store, Lotto income and Dunkin Donut rental income. The facilities are located on a State highway with a huge volume of drive by vehicles. The businesses produce approximately $20,000,000 gross income and a verifiable net yearly income of $595,000. The businesses have a long term 16 year lease at a fair rent with moderate rent increase. The facilities have a bright clean modern appearance with canopies. Each location is equipped with modern equipment including appropriate double wall fiberglass fuel tanks in order to maintain high gross sales. The sale is due to partnership separation and the sale is available with owner financing. Based on the asking price, required down payment and net income this business should supply a 30% return to the owner operator prior to debt service. The facilities are separated by distance and location and do not compete with each other. One facility has a huge C-Store with a very high fuel volume, Lotto, six gas MPD & eight diesel pumps. The second facility has an exterior work area with a rental income from a Dunkin Donuts business. Each facility is clean with a modern, bright professional image. The fuel stations are located on a high traffic state highway in Warren County with continued demand for the various services offered.
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