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Business for Sale Summary [Non-Confidential]

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Queens County, NY

Business Type: auto repair,retailing businesses,gasoline service station

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Non-Confidencial Financial Infomation

  • Asking Price

    $950,000.00

  • Gross Revenues

    $1,010,000.00

  • Financing

    $ 475,000.00 Down and 475k Seller will finance

  • Owner's Cash Flow

    $217,800.00

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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 and a repair shop is located in one of the busiest areas in Queens. The owner wants to sell the business with property, and he is asking for 1.3 million. The gross sale, through the repair shop, is $900,000 a year. It has a five-bay repair shop; two storage containers; an up-to-date waste oil tank. The gas station has double-walled tanks, with steel & fire glass. A new buyer can improve the gas station by adding more dispensers, and one bay could be converted into a decent-size convenience store. The seller, who owns the business for twenty-seven years, is in the midst of divorce proceeding, so he must sell the business, with property. The size of the property is 80x100. The business, being sixty-seven years old, has steady and loyal clientele. The seller's net cash flow, after paying all the expenses, is over $200,000 a year. Don't miss this unbranded gas station and a repair shop with property, which has a lot of up-side room to grow for a new buyer. Call Patricia 631-942-0506

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