Gasoline Service Station
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1010000
Net Profit / Cash Flow $217800
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1929
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 un-branded gas station and a repair shop is located in one of the busiest areas in Queens. The owner wants to sell the business with property, and is asking for 1.3 million. The gross sale, through the repair shop, is $900,000 a year. It has a five-bay repair shop; two storage containers; an up-to-date waste oil tank. The gas station has double-walled tanks, with steel & fibre glass. A new buyer can improve the gas station by adding more dispensers, and one bay could be converted into a decent-size convenience store. The seller, who owns the business for twenty-seven years, is in the midst of divorce proceeding, so he must sell the business, with property. The size of the property is 80x100. The business, being sixty-seven years old, has an utmost steady and loyal clientele. The seller's net cash flow, after paying all the expenses, is over $200,000 a year. Don't miss this un-branded gas station and a repair shop with property, which has a lot of up-side room to grow for a new buyer.
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