Suffolk County Branded Gas Station - 8411 Business Type: misc. retail/non-classifiable,gasoline service station
Acted as the Advisor to the Deal
Suffolk County, NY
Kings County, NY
Bronx County, NY
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $875,000 | Down Payment | $300,000 |
| Gross Revenues | $7,150,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $240,800 | Number of FT Employees | Register Free to View |
Financing
$300,000 Down and $575,000 at an interest rate 12% for 5-10 years
Business Description
This branded gas station (a new owner can change it into an unbranded one) is located alongside one of the busiest roads in eastern Long Island. It sells a lot of diesel, with .40 cents to .50 cents profit margin. Store does $ 60,000 to $70,000 gross a month in sale. It has beer, lotto, ATM, and many others. It has double wall fibre glass tanks. The station has 27 house accounts. Lease is for 16 years, and the owner is financing, too. Location, long lease, owner's financing, and a rich cash flow are the salient features, which a prudent buyer should think. More than enough spare space to build a car wash.
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.
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