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Business for Sale Summary

Established Service Center - 29977

Business Type: retailing businesses,gasoline service station,service businesses,auto repair,auto body/collision repair,auto/truck mechanical repair
Established Service Center
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Financial Information (non-confidential)

General Information
Asking Price $425,000 Down Payment $425,000
Gross Revenues $874,000 Lease Remaining Register Free to View
Owner’s Cash Flow $225,000 Number of FT Employees Register Free to View

Financing

$425,000 Down and

Business Description

After 34 years, this Union County businessman has put his branded gas station and three-bay auto repair shop up for sale. The gas station sits on one of the busiest highways in the county and pumps about 100,000 gallons per month at a gross profit of roughly 14.5 cents per gallon. Honesty, workmanship and service mark the reputation of the collocated, 34 year- old repair shop and that reputation has stood this business well. New business comes in by word of mouth only and business is still increasing after 34 years. And, there is considerable room for further growth. The business is not advertised or promoted anywhere and the hours of operation are short closing at 5 pm during the week and at 12 noon on Saturdays. All transmission, motor and heavy-duty jobs are turned away. Likewise, revenues and profits of the gas station are high but could be higher than 14.5 cents per gallon. This part of the business is run by a third-party, absentee, and that contract is up for renewal in 2 years. To ensure their continued growth and success, the seller will remain with the new owner for no less than 12 months. Please call 1-877-735-5224 for further information.

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.

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.