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Profitable Gas Station In Arlington County For Sale

Arlington County, Virginia
Asking Price:
$500,000
Sales Revenue:
$2,100,000
Cash Flow:
$163,000

A very profitable absentee owned gas station that comes with a small c-store & 3- bay repair shop. The repair ship is fully rented out to the lead mechanic whom he pays to the owner $11,000/mo. Typically; the repair shop does around $70k/mo. So this would be a great opportunity for a mechanic buyer to either split with the other mechanics on a 50/50 basis or completely take control of the bay shop and simply pay the other mechanics salary + commission. Lead mechanic is on a month-to-month lease and has been there for many years. There is also opportunity to add kerosene & diesel if desired, to increase income. Also, add lottery to increase income even further. Don't miss it!

Property information

Real Estate:

Lease

Premises Details:

Well laid out gas station with 3 repair bay shops and c-store. Rent: $19,800/mo with 3 years automatic renewal.

Business Operation

Expansion Potential:

Possible by adding lottery and if the buyer is a mechanic. Current owner is not a mechanic & completely absentee!

Competition / Market:

Prime location overlooking a major road/intersections.

Reasons for selling:

Seller wants to get into commercial real estate

Trading hours:

Open 6:00am - 11:00pm.

Employees:
2
Years established:
1950

Other Information

Support & training:

2 weeks

Financing available:

No bank or seller financing available. Must be all in cash.

Inventory / Stock value:
$50,000

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