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Gas Station with Bays

Morris County, New Jersey

Asking Price: Gross: Cash Flow:
$325,000 Undisclosed Undisclosed

Inventory Value:
$5,000 ( not included in the asking price)

Business Summary:
THIS IS AN ASSET SALE. Includes all furniture, fixtures, and equipment. Brand name station with huge canopy, 4 islands and 8 pumps. Prior year sales of $4,600,000. Pumping 120,000 gallons per month at a pool margin of $0.19. 3-10,000 gallon tanks in ground. 3 very busy bays (current owner would consider leasing bays). 3 year triple net lease in place at $9,000 per month plus $1,500 in taxes. Approximately 3/4 acre with 20 parking spaces and easy access. Located minutes from route 287, 46, 80 and 10. Adjacent to one of Morris County's most successful strip malls. Convenience store possibilities. For further information please contact Bill Friedman at 908-851-9040 Ext. 274.

 
   
   
Year Business was Established: 1983
   
Number of Employees: 4  
   
Facilities / Terms of Lease: In business over 30 years on ¾ of an acre. All equipment in working order, parking for 20 cars available. 3 year lease in place with options available  
   
Potential Growth/Expansion: Convenience store possibility  
   
Competition: A few smaller stations  
   
Owner willing to finance: No terms  
   
Owner willing to train: Seller will provide whatever is necessary  
   
Reason for selling: Personal family matters  
 

 

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