Financing: $300,000.00 Down and $575,000 at an interest rate 12% for 5-10 years
Reason for Selling:There are five parters in the business; the one who is an active one can't cope with the business.
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.
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