Description

Excellent opportunity to own this new Sunoco Gas Station with active convenient store on a busy highway in commercial area of Pennsylvania. The business is located on 2.9 acres and 1.9 acres consist of highway. The sale includes a fully equipped gas station with four pumps, a large canopy and a fourteen hundred square foot convenient store. The business has a gross income of $408,700 and a consistent net yearly income of $136,525. The gas station offers diesel, Lotto, ATM, parking, U Hall and additional income to the owner operator. The business produces 840,000 gallons of fuel yearly at a minimum pool margin of $.18 cents and $720,000 from the convenient store. The sale includes a long term commercial lease agreement at a modest rent cost with an option to purchase the real estate and the business has a ten-year fuel contract. The sale includes a fully equipped fuel gas station with a turnkey convenient store consisting of Lotto equipment, fuel pumps and tanks and various equipment required for this particular industry. This particular business has four employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $5,350. The sale will include an assignable commercial lease which expires in 2024 plus additional options, with a monthly rent of $5,500, property taxes $5,000 and tenant rent security of $6,000. Option for property is $660,000. The facility has private parking on site as part of the commercial lease agreement. 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 license approval for Lotto. Based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator prior to debt service. This is an excellent business opportunity. The 2015 gross yearly income is $408,700 and a yearly net income of $125,525 based on absentee ownership, and prior to debt service. Lotto income $18,000 yearly. Based on a multiple of the net yearly income this business has been valued at $325,000 and owner financing has been approved to a qualified buyer, transfer fee $5,000. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Posted Oct 13, 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.