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Business for Sale Summary

Branded Gas Station and C-Store - 29527

Business Type: retailing businesses,convenience store,delicatessen/catering services,gasoline service station
Branded Gas Station and C-Store
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Financial Information (non-confidential)

General Information
Asking Price $209,900 Down Payment $209,900
Gross Revenues $325,000 Lease Remaining Register Free to View
Owner’s Cash Flow $78,000 Number of FT Employees Register Free to View

Financing

$209,900 Down and All Cash

Business Description

This gas station underperforms in so many ways- and that means huge growth opportunity for a buyer. Located in Monmouth County, this branded station sits on a large, prime corner lot on one of the busiest roads in the state. Its convenience store offers lottery, coffee, newspapers, cigarettes, an ATM and snack products.Across from a bus station, this convenience store serves commuters to and from New York,many of whom pay to park their car and ride. Opportunity #1: Gas is acquired on consignment rather than bought and sold as is the case everywhere else. Pricing at the pump is controlled by the major oil company and the merchant receives 9.5 cents per gallon commission for each gallon sold. More typically, gas stations purchase the gas and sell it at 18 to 22 cents per gallon gross profit, twice the amount this station owner receives. Conversion from consignment gas to purchased gas would add gross profit of about $50,000, annually. Opportunity #2: Adding diesel fuel would increase gross profits an estimated $60,000, based on past sales at this location. The profit margin on diesel gas is about 30 cents per gallon. Diesel was sold at this station before the owner decided to reduce volume and payroll. Opportunity #3: Opening two hours earlier each day would add significant in-store sales, regular gas sales and diesel gas sales alike. The station sits on a busy highway, and trucks travel in the early hours without many diesel gas choices. Because of its size, visibility and easy on/off two-street corner exposure, this station would attract quite a substantial business. The seller is retiring. Offered on a "first come, first served" basis. Please call 1-877-735-5224 for further information.

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. kg

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.