Franchise gas station with retail sales from small C store and a garage rental income of $55,440 per year and a net yearly income of $60,000 as an absentee owner. The business sells 140,000 gallons of fuel monthly with a $.12 centers average pool margin. The business assets have an estimated value of $75,000 and the sale consists of a fully equipped gas station, which includes one island, two gas pumps, displays, shelving, POS system, 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 business as an absentee owner has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll approximately $5,000. The business has an assignable six-year commercial lease which expires September 31, 2022 plus additional options with a monthly rent of $9,020 and rent security $9,020. The garage is rented with a five-year lease at a monthly rent of $4,700. The business is located is shared with an auto repair garage, in a free stranding facility which consists of 2,000 square feet has a capacity for approximately fifteen customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or 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 expects to supply a 25% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $293,000 and the business has a yearly net income of $60,000 based on an Absentee owner and prior to debt service. The business has been valued at $115,000 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, collateral and credit rating. 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 does Not represent this particular business opportunity.
Asking Price $115,000
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