Branded Gas Station #1059P

Financial & Assets Details

About the Business

Business Description

MONEY MAKER. Big and Branded Station 340K Gas $180 K Store $150 Lotto Car wash for Lease. Branded gas station located on the busiest road in Atlantic city right on the strip with Casinos and hotels across the street and nothing but traffic all year round. This station is being offered for sale after being operated by the same family for over 15 years and could be yours and your family to run for another 20 years with all new equipment in place. The gas station has a 3,500 sf convenience store that has an average of $180,000 a month in sales with at Lotto $150,000 a month ATM $3,000, Air/Vac $1,000 and also located on the same property is a well known Drive-thru franchise. Very busy location with a lot of drive-by appeal and custom canopy with Led Lighting that covers 6 updated MPD's that are pumping an average of 340,000 gallons a month at 11 cents per gallon. This is a commission Agent site which means you pump the fuel and the fuel company pays you 11 cents (Net) per gallon that was pump and they take care of all credit card fees and all Maintenance. The only thing the new operator is responsible for is the Nozzles on pumps that's it and pretty much everything else is new or has been upgraded. There is also a Self service carwash at this location that is bringing in an average of $3,000 a month and has all new equipment that is still covered under Factory warranty for 10 years. The lease is a standard PMPA lease 3+3+3 that automatically renews every 3 years and the Rent is $15,000 including property tax. The new operator will have to be approved by fuel company (PMG) and by Circle K that will also require deposits of $25,000 Fuel Company and $15,000 Circle K convenience store franchise. The gas station itself is being sold under value for a quick and speedy transaction of ownership with all applications in hand. Make an offer