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Listing ID: 2871141

Independent Gas Station With C-Store For Sale

Hudson, New Jersey, United States

$ 475,000

(Furniture / Fixtures included)

Revenue: $ 1,750,000

Cash Flow: $ 150,000

Business Description

Profitable business opportunity to own this five-year upgraded, modern Gas station, diesel and convenience store luncheonette, Lotto, ATM, U Hall, bill board not presently rented, which previously generated a substantial income, second floor rented office, in a wonderful area of Hudson county New Jersey and in the city of North Bergen. The owner is presently absentee and leases out the luncheonette, month to month at $24,000 a year. The owner does maintain, on a part time basis the convenience store, which generates approximately $8,000 a month. This gas station does not have a fuel contract, the new owner can change the name. The gas station business is on a major state highway, US Route 1 & 9 with thousands of drive by vehicles daily. This industry does not require government licensing approval to purchase or operate. This company has five employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $7,800. The transaction will offer a commercial eight-year lease which expires 2028-01-01 plus option to purchase property, with a monthly rent of $12,150 plus triple net, cost per square foot is estimated at $24.00 and rent security of approximately $24,000. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,500 square feet and has an estimated capacity for fifteen customers. The business fixed assets has an estimated value of approximately $270,000 which is based on equipment and licensing replacement cost and the sale consists of a gas station, fully equipped deli convenience retail store, which includes three 5 year old underground tanks (12k, 12k, 6k) four pumps, canopy, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. This successful fuel station operation business is active seven days per week, with hours from 5:00 am to 11:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality, Lotto, ATM, and the required state or city licenses to conduct its day to day business. The business has been valued at $475,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The sale also offers an option to purchase the real estate and based on a 25-year payout at 5% interest, 20% down payment purchaser can obtain a consistent net yearly income return on investment as an onsite owner operator and after debt service.Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Property Details

Size:

2500

Property Type:

Lease

FF&E:

$ 270,000

Inventory Value:

$ 40,000

Other Details

Business Location:

This business opportunity is in Northern New Jersey, Hudson County, North Bergen, which consists of various highly populated communities with continued demand for this product. The facility is located on a highly active state highway with high traffic count and many other businesses. This successful retail facility which consist of approximately 2,500 square feet, has a clean attractive appearance. The business consists of a free-standing building on an 8,000 square foot corner property with many other active and successful businesses.

Competition:

Competitors present exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Expansion Potential:

Because the owner is absentee, has no advertising, and if improved can further develop the business yearly gross sales.

Operation Details

Employees:

5

Support & Training:

The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.

Miscellaneous

Financing Available:

Yes
Is available to a qualified buyer with an appropriate down payment.

Reason For Selling:

The sale is due to the owner is absentee out of the general area.

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