Business Description

This nationally-known branded gas station is located on one of the busiest roads, in Brooklyn. The adjoining road leads to a major highway, so the location stays busy, and vibrant. It pumps between 120,000 to 130,000 gallons a month. There are two different prices at the pumps, cash price and credit price, a difference of 10cents, between credit and cash. It has a huge convenience store; part of it has been rented out for $4500 a month. The store is equipped with lotto, beer, cigarettes, ATM, and many other merchandises.The rent for the gas station comes from the rental income, lotto, U-Haul, and automatic car wash. It is an owner absentee business; a new buyer, with his personal supervision and presence at the location, can improve the net cash flow, sizably more, comparing to the present owner, who barely visits the gas station. The seller's net cash flow, after paying all the expenses, is between $14,000 to $15,000 a month. The net income is verifiable, with the backing of the strong and well-prepared paper work. Owner's financing is available to a buyer, having a strong credit rating. No class is required by the oil company. A new buyer, who had never owned any gas station, must seriously consider buying this absentee owner business, which is highly profitable ,and which has a lot of room to grow, with his personal involvement. Call Syed, the listing broker, at 631-374-7686, for more information.