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Branded Gas Station & C-store In New Jersey For Sale

New Jersey, US
Asking Price:
$750,000
Sales Revenue:
$3,567,000
Cash Flow:
$210,000

LISTING ID # 35935

A branded gas station, with a decent-sized convenience store, is situated in the busiest neighborhood in Essex County, NJ. The business pumps over 100,000 gallons a month, with a profit margin of 40 cents on each gallon. The store does over $60,000 in gross sales, and the lotto makes $2,000 in commission per month. After 8 years, it will become an unbranded gas station. It is 100% absentee-owned as the seller owns many gas stations in multiple states. The seller is willing to finance with a flexible payment plan, For the business, the seller is asking for $750,000. The seller wants to sell the property on his own for $3.5 million, including business, with a down payment of $1.5 million. It is a highly profitable business with owner financing.

Business Operation

Reasons for selling:

Personal

Employees:
2 FT/1 PT
Years established:
28

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

550,000.00 Down & A note of $200,000 at 10% for 24 months

Furniture / Fixtures value:
$90,000
Inventory / Stock value:
$50,000