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Business for Sale Summary

Absentee Run Gas Station for Sale in Maryland - 36277

Business Type: absentee business,auto repair,convenience store,misc. retail/non-classifiable,other personal services,owner financing available,gasoline service station
Owner Financing
Absentee Run Gas Station for Sale in Maryland
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This business has received 58 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $430,000 Down Payment $322,000
Gross Revenues $1,309,199 Lease Remaining Register Free to View
Owner’s Cash Flow $172,124 Number of FT Employees Register Free to View

Financing

$322,000 Down and balance of $108k for 60 months @ 8%

Business Description

Are you an experienced mechanic/gas station owner seeking to expand your portfolio? Look no more!! Well established ASE certified auto repair shop/gas station with great name recognition for sale. Location boasts an average of 64,200 vehicles per day in traffic volume. Station pumps 40-65 gallons per day with a .10-.11 profit per gallon. Great opportunity to expand hours to capture more customers, as store is currently open from 8am – 8pm only. Sign visibility from the street could be a game changer. Seller has owned multiple repair shops with the same name since 1993 with an A rating on BBB and excellent online reviews. There are currently 2 FT employees, and all equipment is less than 5 years old. This is a full-service repair shop with all services except MD state inspections. New buyer can apply for state inspection license with an additional revenue potential of up to $500k per year! Shop has 2236 sq ft to include 3 service bays and a huge 1 acre back lot. Multiple established revenue streams to include: Certified U-Haul dealership currently operating 2 trucks generating 5-7k/month and lots of room to expand up to 10 trucks or more; Partnership with Car Shield-warranty/vehicle protection company provides revenue boost; Contract with Corporate repair companies for repairs needed brings 3-5 vehicles/month; MD lottery/scratch -offs; convenience store accepts EBT; Bitcoin machine owner rents space @ $150/month. Rent is $8500/month with 1.5 years left on the assignable lease. Buyer must meet landlord requirements with similar business experience and credit for approval. Landlord owns multiple full-service stations, so there are various expansion opportunities in the region for the right buyer. Don’t let this one pass you by -contact Sheree Jones at (301) 440-1114 today!

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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.