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Convenience Store In New York For Sale

New York
Asking Price:
$89,000
Sales Revenue:
$3,259,540
Cash Flow:
$54,000

Branded gas station and c-store, right off Cross Bronx Expressway. *MAJOR PRICE REDUCTION* The location is fantastic. Tremendous traffic passes daily at this intersection. The current owner is here less than 20 hrs./week. This is a gas station and c-store- no repairs. They pump an average of $140,000 gallons/month, at a 9c commission/gal. There are two islands with eight pumps. The c-store averages approx. $12k/month in sales. They do not sell cigarettes or beer. They see an average of $1,800/month in lotto commissions. In the past year the business generated a net cash flow of approx. $54,000 for a part-time owner. The station has a 3-year PMPA lease with a rent of only $3,400/month. In fact, there is an option to buy the property for $2mil. The underground gas tanks are up to code, as well. We are seeking a serious and financially qualified buyer with at least $131K in liquid funds to cover the $89K downpayment, $35K fuel security deposit and $7K rent security deposit. The landlord will not offer a long-term lease to a buyer without gas station experience. Without experience, the landlord will only offer an initial one-year lease, with additional years if they are successful. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Owner has another business.

Employees:
3

Other Information

Support & training:

Yes

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

89,000.00 Down & Negotiable. Motivated Seller.

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$20,000

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