Gasoline Service Station In Queens For Sale

Business description

This un -branded gas station and a repair shop is located in one of the busiest areas in Queens. The owner wants to sell the business with property, and he is asking for 1.3 million. The gross sale, through the repair shop, is $900,000 a year. It has a five-bay repair shop; two storage containers; an up-to-date waste oil tank. The gas station has double-walled tanks, with steel & fire glass. A new buyer can improve the gas station by adding more dispensers, and one bay could be converted into a decent-size convenience store. The seller, who owns the business for twenty-seven years, is in the midst of divorce proceeding, so he must sell the business, with property. The size of the property is 80x100. The business, being sixty-seven years old, has steady and loyal clientele. The seller's net cash flow, after paying all the expenses, is over $200,000 a year. Don't miss this un-branded gas station and a repair shop with property, which has a lot of up-side room to grow for a new buyer.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

The seller is in the midst of divorse, so he must sell this business.

Employees:

4/1

Other information

Support & training:

seller will train

Financing available:

500,000.00 down & 600k Seller will finance

Furniture / Fixtures value:

$30,000