Solid business opportunity to own this active Luk Oil franchise fuel gas station on a busy highway in Passaic County, New Jersey. The business has a clean attractive image, consists of three bays, lots of storage and a modern office with a very low monthly rent of $800. The buyer can convert the office to a C-Store which has been preliminary approved. The sale also includes a large variety of equipment required for this auto repair business. The business presently has two employees that will remain with the business after the transition. This is a solid business and an excellent opportunity, a must to see to fully appreciate. Based on the asking price, required down payment and net income this business transaction should supply a 45% return to the owner operator prior to debt service. The seller will supply financing with a modest down payment to a qualified purchaser. This is an excellent business opportunity with substantial growth potential to the owner operator. The sale includes multiple auto lifts including various equipment required for this particular auto repair industry. This retail business requires a minimum of two employees, who are presently unaware of the pending sale and expected to remain post closing. This site has substantial private parking on the site and part of the lease. The business is operational seven days weekly with hours from 5:00 am to 9:00 pm. The business has a Certificate of Occupancy for this location to conduct business and requires franchise approval. The business has a long term commercial lease with a monthly rent of $1,200. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service.The business gross yearly income is $210,000 and a yearly net income of $59,000.00. The asking price is $75,000 and seller financing is available to qualified buyers with a $35,000 down payment. This sale is confidential to employees and public, all viewings are by appointment only. Inventory is included in the price due to the franchise agreement.

Posted Nov 19, 2015

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