Independent gas station with C-Store located in Essex County, Northern NJ with no fuel contract. This fuel station is fully upgraded, clean, modern and has been fully upgraded with new underground tanks and lines within the past few years. The business produces a gross income of $120,000 based on fuel sales, C-Store, money grams and outside sales. Additional the business can offer pre owned auto sales which can further increase the bottom line income.
The sale opportunity has been priced at fair market value and is an excellent opportunity. The sale includes a convenience store with all equipment and fully equipped, two 8,000 gallon fuel tanks, all upgraded environmental equipment, POS including system and various equipment required for this particular industry. The site is 150 by 100 and the facility consists of 1,000 sq ft, on one floor no basement. This retail business has one employee who is unaware of the pending sale and expected to remain post closing.
Ten year lease 2024/01/01 monthly rent of $4,500 and rent security of $4,500. This business location has private parking on site for eight vehicles. The business is operational seven days weekly with hours from 7:00 am to 8:00 pm. The business has a municipal Certificate of Occupancy to supply this service. Based on the asking price, required down payment and net income this business should supply a 35% return to the owner operator prior to debt service.