Listing ID#103 - 04421
South River, New Jersey
Freehold Price:
$240,000
Lease Asking Price:
$69,000
Sales Revenue:
$150,000
Cash Flow:
$40,000
Operations
Year Established: 1988
Days & Hours of Operation: Mon.-Sun. 6am-10pm
Non-owner Payroll: $ 3,600
Employees: 2
Lease Security: 3250
Monthly Rent: $ 3,250
Square Footage: 6200
Facilities:
The business is in Middlesex County, New Jersey on an active county road close to various state highways. This fuel station services numerous communities with a continued need for this product and service. The site is 6200 square feet, the facility consists of 300 square feet with a clean appropriate appearance and all equipment is in excellent working condition.
Newly purchased, Independent Gas Station located on an active county road in a commercial area of Middlesex County, New Jersey. The sale includes a profitable fuel station with upgraded fuel tanks, and all new lines and equipment. The owner-seller is the landlord, an absentee investor and will supply a training period to the purchaser post closing. The facility has three tanks, twelve years’ young, fiberglass double wall, consisting of one 10,000 and two 6,000-gallon tank. The business offers all levels of fuel, including diesel, to its various customers. This gas station business previously, prior to purchase, sold an average of 600,000 gallons yearly with an approximate pool margin of $.18 per gallon profit as a direct independent operator. The business will also offer additional products such as drinks, cigarettes and auto supplies. The price is fixed at fair market value and the seller will consider offering some financing to qualified buyers. Based on the asking price, required down payment and net income this business should supply a solid return to the owner operator prior to debt service. The general area has limited competition; no other fuel gas stations are nearby to this location and the seller will supply a non-compete agreement to the new operator.
Property information
Real Estate:
Available as lease or with real property included
Lease Terms:
Monthly rent $3750
Leasehold Rent:
$45,000 per annum
Size in square feet:
6,500
Business Operation
Trading hours:
6am to 9pm
Employees:
2
Years established:
1988
Other Information
Lease asking price:
$69,000
