LISTING ID # 29527
This gas station underperforms in so many ways- and that means a huge growth opportunity for a buyer. Located in Middlesex County, this branded station sits on a large, prime corner lot on one of the busiest roads in the state. Its convenience store offers lottery, coffee, newspapers, cigarettes, an ATM and snack products. Across from a bus station, this convenience store serves commuters to and from New York, many of whom pay to park their car and ride. Opportunity #1: Gas is acquired on consignment rather than bought and sold as is the case everywhere else. Pricing at the pump is controlled by the major oil company and the merchant receives a .12 cents per gallon commission for each gallon sold. More typically, gas stations purchase the gas and sell it at 18 to 22 cents per gallon gross profit, twice the amount this station owner receives.
Conversion from consignment gas to purchased gas would add gross profit of about $50,000, annually. Opportunity #2: Diesel fuel will be added later in 2023. This will increase gross profits by an estimated $60,000, based on past sales at this location. The profit margin on diesel gas is about 30 cents per gallon. Opportunity #3: Opening two hours earlier each day would add significant in-store sales, regular gas sales and diesel gas sales alike. The station sits on a busy highway, and trucks travel in the early hours without many diesel gas choices. Because of its size, visibility and easy on/off two-street corner exposure, this station would attract quite a substantial business. The seller is retiring. Offered on a "first come, first served" basis. To learn more, please contact the broker.
