Solid business opportunity for this Independent gas station, no fuel contract, with Lotto approval and a modern retail convenience business located on an active county road in the County of Gloucester, New Jersey area. The business has yearly fuel sales of 900,000 gallons, yearly gross sales from the C Store of $75,000, and gross income of approximately $190,000. As an absentee owner the business has a projected net yearly income of approximately $45,000 which represents an excellent return on investment for year one and two and a 100% return for the remaining term of ownership. This is a wonderful business opportunity for a first time owner located in Central New Jersey. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this purchase projects to supply a consistent investment return to the owner operator prior to debt service. This industry does not require government agency approval to purchase however franchise approval is required. The business is located on an active county road with thousands of daily drive by vehicles. The site consists of a 10,000 square foot pad and the retail facility consist of approximately 1,335 square feet with a clean attractive appearance. The business is located in an active commercial area with various other active and successful businesses. This opportunity is located in Central New Jersey, Gloucester County, which consists of various populated communities with continued demand for this particular product. The owner continues to be absentee and this retail fuel C Store company has two full and three-part time employee with a monthly payroll of $14,150. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $5,417 and rent security $10,000. The business is located in a free stranding facility which consists of 1,335 square feet and has a capacity for approximately ten customers. The business assets have an estimated value of $100,000 and consists of fuel pumps, three 10,000 fuel tanks, no fuel contract, four pumps, large canopy, fully equipped commercial retail store, which includes displays, shelving tables, computers, software 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. 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 11:00 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. The seller will remain post-closing in order to supply an appropriate transitional period to the new operator. The sale is due to owner's absenteeism and is located out of the area. The business presently has a limited marketing plan for corporate fuel accounts and if improved can further develop the business bottom line net income. To the best of our knowledge and various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly gross income is $190,000 and the business has a yearly net income of $45,000 based on an absentee owner operator and prior to debt service.

Posted Sep 14, 2016

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