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Gas Station And Auto Repair In Essex County For Sale

Essex County, Massachusetts, US
Asking Price:
$75,000
Sales Revenue:
$1,200,000
Cash Flow:
$40,000

Gas Station-auto Repair - C Store-32800

Amazing opportunity to get into the gas station business. Price has been drastically reduced for quick sale! Branded gas station/convenience store/auto repair located on a very busy state highway with many national fast food and retail stores,on the MA/NH border. Place was closed, current owner took it over and remodeled it. Was supposed to have a partner run it day to day, but backed out. Owner operated it for several months but has other business interests and is now closed. Selling it for what he invested. New signage with energy efficient halogen lighting, recently painted building and sealed driveway to create a clean and welcoming look. Has 4 large repair bays with lifts. 4 pumps for gas that are double sided with 8 pumping stations. Had been selling 1300 gallons p/day (which had been increasing steadily) with an average margin of .20 p/gallon. Retail price is set by the owner. Other gas stations on same road but their retail prices are MUCH higher (by .20 p/gal)! Also they do not have repair bays. Lot is large to make easy access to pumps and repair bays. Also large enough lot to add truck rentals, with 17 parking spaces. Convenience store is small, but could easily knock out a wall and add more items. Has been approved for lottery. One of the repair bays has just started being used by a mechanic who pays the owner 50% of revenue. Also has a part time mechanic who comes as needed. This is a golden opportunity for a mechanic to have their own business. The gas sales easily pays your overhead and the rest is profit. Add lottery and profit even more as there are a lot of walk in customers! Was only open until 7 PM, extend the hours and sell more gas! Make back your investment quickly! Will need to show the landlord/gas distributor $50,000 in liquid assets after purchase. This won't last!

Business Operation

Reasons for selling:

Other business interests

Employees:
1FT/2PT
Years established:
2019

Other Information

Support & training:

Seller will train

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

75,000.00 Down &

Furniture / Fixtures value:
$2,000
Inventory / Stock value:
$20,000

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