Branded Gas Station #1054P
For Sale in Medford, NY
Financial & Assets Details
About the Business
Business Description
PRICE REDUCED...Branded Station with Convenience Store and Long lease 18 Years for Sale. Branded Gas station located on one of Suffolk county's busiest roads with a high traffic count and plenty of foot traffic. This location had a full face lift in 2016 with new full canopy and all new Led Lighting, Fuel Led Sign, Pavement and Parking space with handicap access to the store that is up to Town Code. The 1,200 square feet convenience store is currently bringing in an average of $25,000 a month with plenty of room for improvements. The store currently is not selling Lotto which has been approved and has been also approved for a Food Franchise by fuel company, the new operator will have that option as well. The environmental are clean with all new Double Wall Fiberglass Tanks that where installed in 2009 that are up to State code and good for another 60 years. There are 4 Islands with all new updated pumps( 4 MPD'S installed 2016) with all new card readers (Pay at the pump) and two Tier pricing for full service with cash/ credit at a 10 cents difference. The station is currently pumping an average of 75,000 gallons a month at 16 cents Pool margin and is under contract (Buying Gas at Tier 1 ) with fuel company for the remaining time of the lease. The Rent is $8,900 with a long term lease for 18 years, new operator would need to be approved by Landlord and fuel company which would require a fuel deposit of $30,000 to new operator.
