Independent Gas Station & Dunkin Donuts Rental
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $460000
Net Profit / Cash Flow $121000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1998
Number of Employees 4 - 5
Inventory $225,000 equipment only.
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller will remain after closing and supply an appropriate transitional period.
Reason for Sale The sale is due to corporate partnership separation of absentee owners.
Description Independent gas station, no fuel contract, located on a major state highway at the entrance of US Route 78, with forty thousand (40,000) drive by vehicles daily. The business sells 1,500,000 gallons of gas & diesel fuel yearly with a high pool margin profit. This fuel station business also has a Dunkin Donuts business as a rental of which the owner collects $85,200 in yearly rent. The facility has a clean professional image with a full canopy, two islands, six pumps and an outside kiosk.
The sale includes a long term sixteen (16) year lease agreement at a fair rent cost. This business has a gross yearly income of $460,000 and a dependable net yearly income of $121,000. The sale is due to absentee corporate owners, separation of partnership and post-closing training is available to the new operator.
The sale includes a fully equipped independent gas station with all the amenities which include, a full canopy, computer system to monitor sales, exterior kiosk and a long term lease including various equipment required for this particular fuel service industry. The fuel station can accommodate six vehicles at any given time period. The sale includes a sixteen year commercial lease which expires 2030/01/01 with a monthly rent of $13,000 and security deposit of $15,000.
This retail business requires four employees, consisting of gas station attendants. The staff is unaware of the pending sale, expected to remain post-closing monthly payroll is approximately $7,100. The business location has substantial private parking on the site as part of the lease. The business is operational seven days weekly with hours 24/7. The business has a municipal certificate of occupancy to conduct business at this particular location.
The sellers will finance the transaction with an appropriate down payment to a qualified buyer. This is a wonderful solid business opportunity and should be seen to fully appreciate.
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