Profitable gas station located near the Garden State Parkway in Essex County, New Jersey. The present owner has relocated out of state and cannot continue to maintain this retail business. The company has a gross income of $177,480 and a net yearly income of $52,770 based on Absentee ownership. The business opportunity income is strictly from fuel sales and some outside sales of oil and other auto products. The business has yearly fuel sales of one million gallons yearly with an average pool margin of $.17 cents per gallon. The tanks are double wall fiberglass; however, the tenant is Not responsible for its replacement. The facility has a modern Canopy, one island and two newer pumps. The business assets have an estimated value of $75,000 and consists of a fully equipped retail gas station, which includes tanks, pumps, POS system, computers, 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 has four full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,400. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $4,417 and rent security $7,500. The facility is located on a 10,000 square feet site and has a vehicle capacity for approximately six customers. Rent deposit is 2 months’ rent, which is separate from $30,000. Fuel Deposit covers first 2 loads. When the third load is delivered, owner must pay for the first load. It is actually not a deposit in its true meaning. It is simply paying ahead of time. 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 9:00 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 consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $177,480 and the business has a yearly net income of $52,700 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 may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. The purchaser requires a $30,000 of fuel deposit. 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.

Posted Jun 21, 2016

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