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This Business has been Sold!
Closing Date: 05/09/2016
Broker: Amit Desai

Business for Sale Summary

Moneymaking Gas & Conv. Store - 27763

Business Type: retailing businesses,gasoline service station,convenience store
Sold
Moneymaking Gas & Conv. Store
On May 9th 2016, The Undersigned
Acted as the Advisor to the Deal
Amit Desai
Amit Desai Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NJ and RI
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.

Financial Information (non-confidential)

General Information
Asking Price $75,000 Down Payment $75,000
Gross Revenues $563,596 Lease Remaining Register Free to View
Owner’s Cash Flow $78,409 Number of FT Employees Register Free to View

Financing

$75,000 Down and

Business Description

Exceptional return of Investment and very motivated seller. Great money maker even as an absentee but engaged owner. Nice gross profit margin for inside store and very steady garage tenant paying timely rent. Store is still growing as food stamps are approved and yet to come. Possible and enough space is there. Also possible, bill payment, western union and weekly checks from state. Store does approx. 327,560 gallons gas volume per year, lotto commission of about $26,713/year, ATM commission of about $11,264/year and garage rental income of another $19,200/year. Credit card fees for gasoline outside is fully paid by the landlord and owner makes 5 cents commission per gallon. All the major maintenance: Tank, Roof, Canopy and Property maintenance are done by the landlord. Seller is only responsible for pump's hoses and nozzle and inside store's credit card fees.

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.