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Business for Sale Summary

Branded Gas Station For Sale Monmouth County, NJ - 29020

Business Type: convenience store,gasoline service station
Branded Gas Station For Sale Monmouth County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $1,650,000 Down Payment $1,650,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$1,650,000 Down and

Business Description

POWERHOUSE GAS STATION/CONVENIENCE STORE WITH PROPERTY- NOW FOR SALE! This gas station sells 170,000 gallons of fuel a month with its awesome location on New Jersey's busy State Route. This business is not only on one of New Jersey's busiest routes, but at an intersection of a major city. It's 7 pumps and 14 dispensers allow customers to choose regular, Mid-Grade, Premium or Diesel. The seller is currently making $0.25 per gallon on regular, $1.00 on premium, and $0.75 on diesel. The margins are the best that can be found today. The 1,200 square foot convenience store generates $60,000 per month of sales at a whopping 50% profit margin on most items, except for 12% on cigarettes. It does not offer beer and wine, and there is no deli. This is only an opportunity for the new buyer to make even more money, because there is room for a deli. Additional income from this powerhouse business is Lottery, Air/Water and ATM, which generates approximately $30,000 per year. Other income, such as air vacuum, generates approximately $6,000/year, and the ATM is approximately $7,000 per year. The real estate being offered by the seller is $1,650,000, and must sell with the business for a combined price of $3,300,000 total. The buyer must negotiate directly with the seller for the property. The property is on approximately 0.8 acres per the seller. The branded gas supply agreement ends in 11 years, and includes a buyout clause, if buyer chose a different supplier than the current owner. Seller has been in the business for over 40 years, and now wishes to pursue different interests. Buyers who are looking for the purchase with maximum amount of income and still room to grow- this business is it! Not only will the buyer pocket approximately $600,000 per year, but has opportunities to expand and grow the income more. Call today and set up an appointment with the broker- 1-877-735-5224. Proof of funds to purchase will be required before meeting the seller.

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.