Franchise Gas Station w. C-Store
AutomotiveFor Sale in NJ
Financial & Assets Details
About the Business
Wonderful business opportunity for this profitable Gas station and Retail Convenience business with active lotto located on a major state highway in Northern New Jersey. The gas fuel yearly income is approximately above one million gallons yearly, the C store has gross sales of approximately is $474,000, Net Lotto income is approximately $31,400, plus air, propane and ATM. The business is maintained with a semi absentee owner, gross income of $374,494 with a consistent net yearly income. This is solid business opportunity to purchase this active gas station with lotto income, and retail Convenience located in Morris County, Northern New Jersey. This gas station consists of four full time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $8,772. The business transaction has a 20-year franchise, assignable commercial lease with three years extensions, plus additional options available, with a monthly rent of $11,231.42 plus taxes, cost per square foot is estimated at $25.57 and rent and fuel security of approximately $60,000. The business transaction has a 20-year franchise, assignable commercial lease with three years extensions, plus additional options available, with a monthly rent of $11,231.42 plus taxes, cost per square foot is estimated at $25.57 and rent and fuel security of approximately $60,000. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
Growth & Expansion
The business can be further expanded with an onsite owner operator, presently has a limited marketing plan, no local advertising, no fuel customer accounts, poor web site and if improved can further develop the business yearly gross sales.
May be considered with an appropriate down payment.
This business is an established franchise
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
This gas station business opportunity is in Northern New Jersey, Morris County, which consists of numerous highly populated municipalities and communities with continued demand for this industry. This successful fuel and retail facility which consist of approximately 5,270 square feet has a modern and attractive appearance to the customers they serve. The station consists of four MPD for high volume service and a large canopy.
Support & Training
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The purpose of this business transaction is due to the owner family obligations.