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Businesses For Sale   >>   Middlesex Businesses For Sale   

Independent Gas Station

Location  Middlesex County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $125000
Net Profit / Cash Flow  $52500
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1950
Number of Employees  1 - 3
Inventory  125000 Equipment Only
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will supply a full transitional period and remain thirty days post closing.
Reason for Sale  The seller is retiring from this industry.

Description  
Independent Gas Station & property located on an active county road in a commercial area of Middlesex County, New Jersey, with a high volume of drive by traffic. The sale includes a profitable fuel station with upgraded fuel tanks, all new lines and equipment, including the real estate. The owner is retiring after many successful years in the industry and will supply a forty five day training period to the purchaser post closing. The facility has three tanks, ten years young, fiberglass double wall, consisting of one 10,000 and two 6,000 gallon tank. The business offers all levels of fuel, including diesel, to its various customers. The business sells an average of 840,000 gallons yearly with an average pool margin of $.16 per gallon profit as a direct independent operator. The business also offers additional sales such as drinks, cigarettes and auto supplies. The business is fully computerized, three fuel tanks, two pumps and various equipment required for this industry. The site has a clean attractive building which has a private office and lots of storage. The site has private parking on the site for approximately seven vehicles. The business is operational seven days per week with hours from 6:00 am to 10:00 pm. The business has a municipal Certificate of Occupancy for this specific location. The business has two part time experienced employees, unaware of the pending sale and expected to remain post closing, monthly payroll $1,034. The price is fixed at fair market value and the seller is offering some financing to qualified buyers, property is marketed by Realtor. Based on the asking price, required down payment and net income this business should supply a 22% return to the owner operator prior to debt service.


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