Lukoil Gas Station On Highway
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $210000
Net Profit / Cash Flow $55000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 1 - 3
Inventory $60,000 equipment & $1,000 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will remain after closing and supply a two week transitional period.
Reason for Sale The seller is retiring after many years of success in this industry.
Description Active Luk Oil fuel gas station on active highway Route 23 in Morris County, New Jersey. The business consists of three bays, lots of storage and a modern office. The sale also includes a large varity of equipment required for this auto repair business. The business presently has two employees that will remain with the business after the transition. This is a solid business and an excellent opportunity, a must to see to fully appreciate. Based on the asking price, required down payment and net income this business should supply a 45% return to the owner operator prior to debt service. The seller will supply financing with a modest down payment to a qualified purchaser. This is an excellent business opportunity with substantial growth potential to the owner operator. The facility consists of 1,900 square feet with 200 feet of highway. The business has three bays, two MPDs, and a large canopy. The site has substantial private parking on the site as part of the lease agreement. This business is located on an active state highway Route 23 in Northern New Jersey Morris County. The business has an excellent location and services numerous communities in the general area.
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