Description

Excellent net income, owner relocating out of state for this highly profitable, franchise Sunoco gas station and convenience store with Lotto in a central area of Northumberland County, Pennsylvania. The business pumps a fuel volume of approximately 360,000 gallons annually, with an average markup of about .15. The convenience store has a yearly gross income of $610,000. The sale includes a long term commercial lease at a fair rental cost and an option to purchase the real estate. The business has been fully upgraded during the past few years and all equipment is in excellent working condition. All underground tanks are in excellent condition and are the responsibility of the landlord. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 30% investment return to the owner operator prior to debt service. This is a twenty-six-year young full service gas station and convenient store. This industry does not require government agency approval to purchaser. This retail business consists of a 25,000 square foot full service fuel station, and the interior facility consists of 1,400 square feet with a clean attractive appearance. The business is located on a highly active county road with thousands of drive by vehicles and the general area has various other active and successful businesses. The business is located in Eastern Pennsylvania, Northumberland County, which consists of various communities with continued demand for this service industry. This particular business has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,000. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $2,600 and rent security $3,600.The business facility which consists of 1,400 sq. ft. has a capacity for twenty customers.

Posted Sep 23, 2016

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.