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Business for Sale Summary

Absentee Operated Gas Station in New Jersey - 36541

Business Type: absentee business,bank financeable,convenience store,owner financing available,gasoline service station
Owner Financing
Absentee Operated Gas Station in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $880,000 Down Payment $480,000
Gross Revenues $2,212,000 Lease Remaining Register Free to View
Owner’s Cash Flow $285,000 Number of FT Employees Register Free to View

Financing

$480,000 Down and $400,000 for 3 years @ 2%

Business Description

A highly profitable branded gas station with excellent rental retail income and low rent is located in a suburb of a crowded commercial area in Union County, NJ. It pumps over 100,000 gallons per month, with an $ 0.18 profit margin.The rent is $4,800 per month, and the guaranteed rental income exceeds $12,000 per month. Payroll is only $7,000 per month, and it is a 100% absentee business. A very generous seller financing option is available for 36 months, with 2% interest. A once-in-a-lifetime opportunity to buy this type of business with attractive cash flow. After paying all the expenses, the seller's net cash flow is $285,000 a year. Call the broker, Syed Ahmed at 631-374-7686, for more information.

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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.