Gas Station With State Inspection
Location Massachusetts,United States
Asking Price Range $500K - $1.0M
Gross Revenues $9
Net Profit / Cash Flow $7
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1960
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Reason for Sale Owner retiring.
Description This station is a branded full-service gas station for sale with State Inspection located on the South Shore at a busy numbered route. The facility has a repair business in the two bay garage with one 25-foot repair bay and one 45-foot Inspection bay having two lifts. There is one island with two Gilbarco blending dispensers and overhead canopy. There is currently a major oil company tenant leasing the property with a dealer who will continue to lease it or vacate the property at the buyer's discretion. The oil company lease expires in February 2010. Two Permatank fiberglass double walled tanks were installed in 1993 with a 30-year warranty providing 15,000 gallons of storage. This location has a Class II Used car license that is transferable. In addition, 250-300 state inspections are performed per month providing $7-8000 of income. The site has a clean environmental history and is part of the 21J fund, with a current 100% reimbursable Certificate of Compliance.
The station is located on 20,020 square feet of land. Storage is 15,000 gallons consisting of one 10,000 Unleaded tank and one 5,000 Super tank. A new heating system was installed in 2002. The rest rooms were remodeled, overhead doors have been replaced as well as a new air compressor installed. In 2008 a Veeter Root 350 TLS state of the art tank monitoring system was installed. There is municipal water to the property.
Potential Growth/Expansion: The station can be approved for self-service with a convenience store and lottery to boost business. There is room to add an additional island. The current dealer has not showed an interest in gasoline volume, as he is a mechanic and not a gasoline retailer. Although there has been no interest in developing volume, this location has had a history of 500-800k gallons per year. Although this station is For Sale, A long term lease may be available.
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