Financing: $590,000.00 Down and TBD
Reason for Selling:The partners have disagreement over running the business.
This branded gas station is located on one of the busiest roads in Queens. It is at the intersections of two busy roads. It also has a nicely built convenience store, which is equipped with lotto, cigarettes, coffee & breakfast, etc.
It has no beer, but a new buyer can add it to boost the revenues. It also has a repair shop, which on a contract basis, runs by a mechanic, who pays $12,000 a month to the seller.
It pumps over 110,000 gallons a month; the store makes $75,000 a month in gross sales. There are three partners, but now they are not getting along well, so they want to sell it.
The seller's net cash flow, after paying all the expenses, is over $13,000 a month. It is an absentee owner business.
The business is at a great location; an excellent opportunity for one family and its members.
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