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Business for Sale Summary

Spacious Gas & Convenience Store for sale -CT - 34175

Business Type: business with property available,convenience store,seller financing available,gasoline service station
Owner Financing
Spacious Gas & Convenience Store for sale -CT
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Financial Information (non-confidential)

General Information
Asking Price $475,000 Down Payment $350,000
Gross Revenues $2,345,000 Lease Remaining Register Free to View
Owner’s Cash Flow $241,000 Number of FT Employees Register Free to View

Financing

$350,000 Down and A note of $125,000 at 7% for 24 months

Business Description

This branded gas station, with a commodious convenience store, is located in the midst of a busy commercial and holiday resort area, in New London County, CT. The surrounding areas is rich and affluent, with high-end real estate. The size of the store is 2000 sq. ft. with another 800 sq. ft of empty space that can be added to the store. A possible deli can be built to boost the revenues. The store has lotto, cigarettes, vape, cigars, coffee & breakfast, etc. The store makes over $100,000 in gross sale a month; the business earns .25 cents profit margin on a gallon, from the gas; sells diesel too. No oil deposit for the oil company. During summer, the business makes $4,000 a month from the sale of ice. No other gas station is located in the area. Owner has had it for over 25 years. Currently owns the property and is willing to sell the property in future. Is willing to hold a note for a financially qualified buyer. Do not miss this great business opportunity because the business is at the best location and the property is also available. The seller's net cash flow, after paying all the bills, including payroll, is over $240,000 a year. The seller maintains an excellent paper work to prove the numbers. Call Syed at 631-374-7686 for more information.

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.