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Gas Station/Convenience

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$3,500,000 $9,624,952 $472,783

Inventory Value:
$60,000 ( not included in the asking price)

Business Summary:
Well established state of the art gas/convenience on an excellent location, in an affluent town. Shows nice, parking for 17 cars. Business must be seen to be appreciated. ft. convenience store with an average sales of $123,374 in 2010, 45% markup, breakdown regular gas 76%, p/mo Super 16%, and Plus 8%. Pumps an average of 251,030 per month. Pool margin is an average of .14c. 3 tanks fiberglass, large canopy, 6 islands, and 12 dispensers. Needs owner/operator to be hands on. Agreement for on the run expires around Jan, 2012 – change to Tiger Mart – no royalties. Seller would like buyer to exercise his right of first refusal. Property is available around 7/2010. Land behind the store approx 50 x 200 sq. ft. Suited for car wash or rental income. For further information please contact Jim Hamdan at 908-851-9040 Ext. 210.

 
   
   
Year Business was Established: 2001
   
Number of Employees: 9  
   
Facilities / Terms of Lease: 2,700 sq. ft. – 17 car parking. Good condition.  
   
Potential Growth/Expansion: Construct car wash or detach building or expand store  
   
Competition: Several  
   
Owner willing to train: Two weeks  
   
Reason for selling: Has other business interests  
 

 

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