Business Summary:
SELLER FINANCING FOR QUALIFIED BUYERSMajor Branded Gas, Diesel, and Mechanic Facility. 10 Bays. Foreign Car Specialty. On 1.8 acres own property.Union County, NJAsking Price: $600,000Gross Revenue: $2,708,111FF&E: $120,000 (Not included in asking price but negotiable)Inventory: $50,000 (Not included in asking price but negotiable)Rent: $20,000/MonthEstablished: 1989, this owner since 1997FUEL SALESThis is a well established Exxon Station, situated on 1.8 acres, selling gasoline (70%), diesel (30%). The fuel sales volume of 745,396 gallons provides at least .50 cents average margin yielding a $372,697.50 gross profit.Garage RevenueGarage revenue is at least $700,000. After deducting $231,000 for the cost of parts, a gross profit of $469,000 is realized. Mechanic operations are conducted from a very well equipped 10 bay garage.CONVENIENCE STORE (C-Store) REVENUEThe C-Store annual revenue is $46,064.38 +/- yielding a 30% gross profit of $13,819 +/-.LOTTERYThe lottery operation produces an annual profit of $7,000 +/-.PARKINGParking facilities provide $30,000 in profit annually.AIR & VACUUM MACHINEThese machines provide $3,000 in income.CLOTHING BINSThis additional operation yields $2,400 yearly.TOTAL GROSS PROFITManagement reports the above functions to provide $897,916 +/- total gross profit.NET CASHFLOW TO WORKING OWNERManagement reports that the business produces an annual $174,916 +/- net profit plus $130,000 in salaries to the owners. This equals a total net of $304,916 for a working owner.The business provides the owners $300,000 +/- per yr.Owners will provide further financial detail to qualified buyers. The business is for sale with, or without, the property.MECHANIC FACILITIESThe station is equipped with 7 above ground lifts, 3 below ground lifts.Mechanic services are also provided to owners of high-end foreign autos. They have 1,000 customers. All underground tanks are in full compliance.BUSINESS FOR SALE, WITH OR WITHOUT THE PROPERTYIn the event, the business is sold together with the property, and the buyer wishes to opt for an independent brand or another brand the seller will pay the buyout from Exxon. If a buyer of the business would not be buying the property as well as the business the buyer could rent the facility for $20,000 per month,INVENTORYNot included in asking price, but negotiable.FURNITURE, FIXTURES, & EQUIPMENTNot included in asking price, but negotiableThe business, together with the land can be purchased for $2,500,000. Auto Repair Shop is included.THE AUTO REPAIR SHOPThe auto repair shop is trustworthy partner for all kinds of car repairs. Personal auto safety assured when the customer's car is on the road running smoothly. They provide comprehensive consultation and perform important safety checks as well. Repair work is by trustworthy employees for all kinds of repairs. A customer's car is repaired exclusively by qualified, trained personnel. Inspections are conducted by specially trained inspectors in order to ensure a customer will have no problems with an official vehicle inspection.The workshop is equipped with the latest technology and they always stay up to date with new developments in their profession; Personal customer care, fair and transparent pricing, as well as high-quality work, is of greatest importance. Their objective is to ensure a customer's comfort and safety on the road.
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| Facilities / Terms of Lease:
Excellent, well maintained, 6,000 square foot. This is a well established Exxon Station, situated on 1.8 acres, selling gasoline (70%), diesel (30%), and providing mechanic services from a 10 bay garage. The business is for sale with, or without, the property. They pump approximately 750,000 +/- gallons per year. The station is equipped with 7 above ground lifts, 3 below ground lifts. FF&E ($120,000) not included in asking price but negotiable. |
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