Business Description

Absentee-owned independent gas station and repair center in ultra-affluent section of Monmouth County. Pumps approx 47,000 gallons/month with an average 25 cents/gallon pool margin. Current owners are long time (60 years!; new building put up 35 years ago) and need to get out due to health issues. Sells approx $2k/month in sundries (cigarettes, soda, oil by the quart, etc.). Repair shop has 2 full time and one part time mechanics who do approx $25k/month in repairs. Has 4 lifts, 2 pump islands with 6 dispensers and 4 tanks (one is 10k gallon, two are 8k gallon fiberglass; one is 1000 gallon heating oil storage). All passed NJ inspections. Steady customers who enjoy saving a few pennies/gallon over the major name stations. Used to be a major brand station but went independent 5 years ago. Gallons are down as price of gas went up over past year and a half. Real estate available through owner.