Branded Gas Station #1045P

Financial & Assets Details

About the Business

Business Description

HIGH PROFIT..Branded Gas station pumping 110,000 gallons, Store $110,000 and Lotto $60,000. Low Rent.. Branded gas station located on a major Route in East Brunswick with a high traffic count all day long. The station was recently re-franchised from 7 Eleven to a new franchise which increased the profit margin in the store to 34.4%. This location has a 1,400 square feet power house convenience store that is fully equipped with updated LED lighting installed last year, new camera system with a popcorn machine/pretzel machine, and many more upgrades. Everything is pretty much all new with some equipment still under factory warranty and with no expense spared here store is build to keep up with the flow of customers. The sales for the store have been steady and consistent at $110,000 a month, Lotto $60,000 with still plenty of room for improvement. The gas portion of the business has increased by 23% in the last 3 month (DEC 124K) and has all updated equipment as well starting with canopy and new LED lighting. There are 4 new Wayne MPD's with pay at the pump card readers that are pumping an average of 110,000 gallons a month at 17 cents per gallon. The rent is $10,200 and the lease is a standard PMPA 3+3 that automatically renews every 3 years. New owner will have to be approved by fuel company first in order to move forward with purchase of business. The asking price includes all deposits and inventory, the only thing buyer will have to pay for would be the Transfer fee which is $7,500 and whatever gas is left in tanks the day of closing.. Make an offer..