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This Business has been Sold!
Closing Date: 02/19/2014
Broker: Syed Ahmed

Business for Sale Summary

Popular Gas Station - 23058

Business Type: retailing businesses,auto repair,convenience store,gasoline service station,general merchandise store,special situations,new to market
Sold
Popular Gas Station
On February 19th 2014, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
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 $750,000 Down Payment $750,000
Gross Revenues $8,225,000 Lease Remaining Register Free to View
Owner’s Cash Flow $270,700 Number of FT Employees Register Free to View

Financing

$750,000 Down and TBD

Business Description

This branded gas station is located on one of the busiest roads on Long Island. The seller has owned it for twenty-five years. It pumps 150,000 gallons a month; the store makes $90,000 to $110,000 a month, in the gross sales. The lotto gets $45,000 a year in commission. It also has a two-bays repair shop, which earns $25,000 a month in the gross sales. Even ATM machine secures $1500 a month in commission. It is considered to be the busiest gas station in the area. The oil company is also willing to sell the property. The store is equipped with lotto, beer, cigarettes, coffee & breakfast, etc. The seller's net cash, after paying all the expenses, is over $260,000 a year. Call Syed at 631-265-7300 for the address and for more information. Proof of funds is a must.

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.