Gas Station & Repair Shop On Busy Road

Location: United States -> New Jersey -> Morris County
Industry: Auto Related > Gas Station

This is a high volume Gas Station / Repair Shop for sale, located on a busy road in Morris County, New Jersey. The business is being sold with the option to purchase the real estate. The seller is relocating and will assist a new owner with the transitional period. The business has a two bay garage and a C-Store. The station offers diesel and standard fuel to the general public. The site is on a highly visible corner location with a congested volume of traffic. This Gas Station has a substantial net income and all the equipment is modern and in excellent condition. The facilities 2,300 square feet consists of 20 private parking spaces and a two bay garage with a C-Store attached. All of the equipment including fuel pumps and two tanks is properly maintained and in excellent condition. The owner has decided to market the business with or without the real estate. A new lease will be submitted to the purchaser at the time of the sale.

Financials

Asking Price Range: $250K – $500K
Gross Revenues: $3,824,000
Cash Flow: $200,000
Cash Flow Type: EBITDA
Seller Financing: Yes

About The Business

Year Established: 1991
Number of Employees: 4 – 5
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale

About The Sale

Management Training and Support: Owner will provide a full due diligence period for the new operator.
Reason For Selling: Relocating.