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Business for Sale Summary [Non-Confidential]

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New London County, CT

Business Type: special situations,best deals!,new to market,retailing businesses,convenience store,gasoline service station,general merchandise store,other eating & drinking places,other food stores,supermarket

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Non-Confidencial Financial Infomation

  • Asking Price

    $300,000.00

  • Gross Revenues

    $3,048,000.00

  • Financing

    $ 300,000.00 Down and TBD

  • Owner's Cash Flow

    $128,300.00

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Disclaimer: The information in these listings is provided by the Seller. Vested Business Brokers, Ltd. has not independently verified this information. Our Brokers are not authorized to make any representations or warrantees. You agree to hold Vested and its associated brokers harmless for any misrepresentations made by seller.

Business Description

This unbranded gas station is located on a very busy road, which is a part of a neighborhood, with casinos and commercial buildings. It has a very spacious convenience store, as commodious and stylish as a 7/11. The store earns over $60,000 a month, in gross sales. It pumps 60,000 to 70,000 gallons a month. There is also a price split between cash and credit at the pumps. The landlord is 100% responsible for the maintenance of the underground tanks. There is also an option to buy property. The store is laced with lotto, cigarettes, cigars, foods, coffee & breakfast, etc. License for beer has been approved, which will give a tremendous boost to the revenues. It is also a neighborhood store. The seller has bought another business in New York, so he finds it hard to run it. The seller's net cash flow, after paying all the expenses, is $10,000 a month.

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