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This Business has been Sold!
Closing Date: 04/12/2017

Business for Sale Summary

Branded Station off LIE Exit - Run Absentee - 25849

Business Type: retailing businesses,auto repair,convenience store,special situations,best deals!,absentee business,new to market,gasoline service station
Sold
Branded Station off LIE Exit - Run Absentee
On April 12th 2017, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NJ, NY and RI
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $175,000 Down Payment $175,000
Gross Revenues $331,798 Lease Remaining Register Free to View
Owner’s Cash Flow $128,770 Number of FT Employees Register Free to View

Financing

$175,000 Down and Possible for a Qualified Buyer

Business Description

Branded Station off LIE Exit. This station has a corner location right off one of the most heavily traveled roads on Long Island. Tanks are double-walled, fiberglass. All pumps, nozzles and hoses were recently replaced. The station pumps approx. 80,000 gallons per month at a profit of .20 cents per gallon (after CC fees and Sales Tax). The Convenience Store grosses approx. $30,000 per month with 32% gross profit margins. The repair portion of the business grosses approx. $30,000 per month with 65% gross profit margins. LOTTO brings in about $18K Gross per month. The station is canopied with 6 fueling positions and 3 pumps. All self serve. They have a 3 bay repair area and a separate 200 sq. ft. c-store. In the past 12 months the business brought a Net Income of approx. $128,770.00 to the owner - RUN ABSENTEE. Gas, C-Store and parts Inventory is NOT included in the asking price. It is approx. $45K. Buyers must also be prepared to pay a $30K gas security deposit. So the total price is $175K plus $75K (in inventory and deposits) = $250K. All potential buyers must show Proof of Funds before particular details will be released. Call Mel Vaz at 631-909-1095.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.