Active gas station with potential Convenience Store business located in Central Western New Jersey and in a wonderful area of Camden County. The business is located on a high traffic four lane highway with substantial drive by vehicles. This attractive gas station business has gross fuel sales of 1,200,000 gallons yearly and the potential convenient store income. The facility also has a three bay garage which is rented and the gas station owner collects $36,000 yearly rent. The seller will supply financing with the appropriate down payment to a qualified purchaser. This is an excellent business opportunity with substantial growth potential to the owner operator. The sale includes a fully equipped gas station with a three bay garage which is rented. The sale includes two islands, canopy, three 10,000 gallons’ tanks, Lotto, shelving, accounting system, tables, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This fuel station business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,650. The business opportunity will offer a ten-year commercial lease which expires 2025-01-01 plus additional option, with a monthly rent of $6,500 plus property taxes and rent security $6,500. The business is conveniently located in an affluent area of Camden County, New Jersey which consists of 1,800 square feet and has a capacity for approximately twenty customers. The facility has appropriate private parking at the location. The business is active seven days, with hours from 6:00 am to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 39% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $222,000 and the business has a yearly net income of $46,000 based on an owner operator and prior to debt service. The business has been valued at $99,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Asking Price $99,000
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