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This Business has been Sold!
Closing Date: 12/25/2019
Broker: Syed Ahmed
Business for Sale Summary

Branded Gas Station in Queens County - 32109

Business Type: convenience store,gasoline service station
Sold
Branded Gas Station in Queens County
On December 25th 2019, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx 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 $450,000 Down Payment $450,000
Gross Revenues $3,540,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,000 Number of FT Employees Register Free to View

Financing

$450,000 Down and

Business Description

A nationally-known famous branded gas station is situated in an overcrowded area in Queens. It is a self-serve gas station, with a well-run convenience store, which has lotto, beer, EBT, Western Union, ATM, cigarettes, plus many other items. Also has a self-serve car wash.Pumps over 100,000 gallons a month, with .22 profit margin on a gallon; also .16 cents difference between cash and credit at the pump. Store makes $65,000 a month in gross sale. Lotto earns $5,000 in commission a month. No security deposit with the oil company. Seller owns it for 10 years; owns many many businesses; finds it hard to run as an absentee. The best opportunity for a first time gas station buyer. Seller's net cash flow, after paying all the expenses, is $150,000 a month. 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.