Description

Independent Gas Station and C-Store with the real estate, located in Northern New Jersey on US State Highway 1 & 9, in Union County and in the Elizabeth / Linden area. The business has gross sales of 1,250,000 gallons yearly which includes gas and diesel. The business assets have an estimated value of approximately $550,000 which consists of a fully equipped commercial gas station and retail C-Store, including, four fuel pumps, three underground tanks, displays, shelving, POS system, canopy, two islands, four fuel pumps, 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 two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,400. This sale transaction will not include a lease, the property is included in the sale. The business consists of a free stranding facility with two islands, four pumps with a capacity for ten vehicles at one time. The facility has appropriate private mall 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 consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $212,000 and the business has a yearly net income of approximately $110,000 based on an owner operator and prior to debt service. This business transaction has been valued at $1,300,000 based on a multiple of the net yearly income, real estate value of approximately $650,000 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.

Posted Dec 8, 2015

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.