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Gas Station Repair Shop C - Store
Location Maryland,United States
Asking Price Range $250K - $500K
Gross Revenues $5303616
Net Profit / Cash Flow $242068
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1965
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller Will train
Reason for Sale Personal
Description This high profile branded gas station with three service bays is offered at discounted price for quick sale due to the owners health issues. For many years this business has enjoyed a strategic location on the Golden Mile, the main road in the commercial center of the fastest growing metro area in MD, near the intersection of Routes 40 and 15 and I-70, only 45 minutes to DC and Baltimore. This business is rocking and rolling all the time. Pumps and dispensers are new. The landlord responds quickly to all maintenance requirements. A direct supplier relationship enables competitive pricing. Station sells 1.2 million gallons of gas per year at pool margin of more than 15 cents. Gas sales volume consistently earns a full rebate of $4000-$5000 per month. The cash rebate worth over $40,000 annually is not included and does not show in the listings financial profile Cash Flow. The small convenience area sales average $18,000 per month. Cigarettes are less than half the total sales, about 35 percent. The certified mechanic operation bills an average of $45,000 monthly in 3 repair bays at 50% margin. Credit card fees are low because more than half of the sales are cash. Active marketing campaigns bring in a steady volume of new business. Mechanics are paid based on production. The new owner should expand service shop hours right away to meet demand by staying open longer during the week and all day Saturday. The station is open 24/7, but the repair shop closes at 5:00PM Monday through Friday and at 2:00PM on Saturday. Extending the service hours could grow the high margin shop revenues by 25% immediately. This is an outstanding opportunity to own a well established business and earn a great return on your investment. There will be no owner financing offered. Introductions will be made only after verification of buyers capital. Training will be provided so that the new owner can equal and even surpass the current owners performance, which was built in a career of 40 years..
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