Profitable gas station & very active Convenience Store located on an active county road in Union County, New Jersey. The business gross yearly fuel sales consist of $142,000, from the convenience store, $175,000 gross income, Lotto Commission $24,000 and $19,600 net from ATM and air supply. The business fuel sales are approximately 650,000 gallons yearly at an average pool margin of $.22 centers per gallon. The business has a consistent net yearly income of $123,000 to the owner operator. The fuel station facility shares the C-Store with an active Dunkin Donuts franchise which attracts a huge volume of shoppers. The business offers all fuels including diesel at a substantial profit margin. The sale consists of a fully equipped commercial retail store, which includes refrigeration & freezer units, displays, shelving, POS system, 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. This particular business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $8,000. The business has an assignable commercial lease which expires 2033-01-01 plus additional options, with a monthly rent of $5,500 and rent security $18,000. The business facility which consists of 1,440 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 5:00 am to 11:00 pm. The sale includes a certificate of occupancy from the particular municipality, NJ State Lotto approval and the required city food 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 substantial investment return to the owner operator prior to debt service. The 2015 yearly gross income is $374,600 and the business has a yearly net income of $109,000 based on an owner operator and prior to debt service. The business has been valued at $325,000 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 may not represent this particular business.

Posted Aug 12, 2016

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