Sunoco Gas Station

Morris County, New Jersey

Business Summary: ** Sold ** Sold ** I sold this business for my client. If you are interested in buying something similar, contact me. If you want me to sell you business just as quickly - CONTACT ME !! - - - - - - - Well established high Volume Sunoco gas station located on a busy NJ highway in Northern New Jersey, Morris County. The owner has elected to sell after many years in business at this particular location. The business pumps 1,140,000 + gallons annually with $.25 cents as an average pool margin. The business also generates high income on auto repairs representing a substantial net income to the owner/operator. Sunoco is a national wholesaler of gasoline and is rated number 2 in the United States. The sale includes a full turnkey operation, with multiple pumps, various underground tanks which the franchisor is responsible for and various high capacity built-in equipment. The site has private parking on site for 15- 20 vehicles as part of the lease agreement. The business is operational seven days per week with hours from 6:00 am to 11:00 pm. The business has a municipal license to conduct business and it is franchise approved. Sunoco will supply a franchise agreement plus a long lease. The business has a full staff of experienced employees who are unaware of the pending sale and expected to remain post closing. The facility has been approved by Sunoco Corp. for conversion to a Convenience store which can further improve the business income.
Number of Employees: 5
Facilities / Terms of Lease: +High Visibility +Highway Location +Located next to shopping plaza and restaurants +Station can be entered from two different streets +Has: ATM, soda machines, coin air pump and vacuum cleaner +Race Fuel (100 Octane Fuel) at a very high pool margin
Owner willing to train: Yes
Reason for selling: Relocation