Established Gas Station for Sale in New Jersey - 37223

Financing

$1,000,000 Down and

Business Description

Semi-Absentee, Turnkey Operation A branded gas station and convenience store that sits on a large corner lot on a major highway in Monmouth County, New Jersey is available. This station is 31 Years old, open 24/7, and is operated by 2 managers who order, schedule and run the shifts. The owner does the banking and the payroll and not much more. The gas station pumps 80,000 gallons per month at a profit margin of 30 cents regular and near 90 cents for plus and premium. There are three 10,000-gallon, steel single wall tanks one of which can be converted to diesel. The are four new pumps, dispensers, eight hoses, and a contract or two with private companies in the area. The 2,000 sq. ft. convenience store is equipped with new coolers and condensers, cameras and an alarm system. It offers hot and cold foods, snack items, lottery, propane gas, air and vacuum machines, and comes with significant rental income from a variety of vendors including a major coffee and donut supplier, a hot dog vendor, an ATM/Bit Coin machine, parking spaces, and more. The foot traffic in the store for the hot foods and the lottery sales in particular is huge. 30% of the sales are in cash and can be proven. There are 16-years left on the lease. Add diesel fuel to the mix and develop a generational lifetime of income. After four years, the current owner has another business and has decided to sell this business to focus on that and to retire the debt brought on by his acquisition and improvements to the business. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers LTD at 646-269-4616 Note: When visiting the business, please be discreet and do not speak to the employees about the sale of the business.

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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.