Business for Sale

Business Location , SUFFOLK, NEW YORK, USA
Business Category All - Retailers, Retail
Offer Issue Date Offer End Date
No of Employees Established Year
Business Description

Solid Gas station With Busy C Store

Business Summary
Asking Price Cash Flow

This branded gas station is truly a solid opportunity. It is located on a very busy road that provides access to both a major industrial area and a huge destination shopping center. The station has many ‘house accounts’ with businesses in the industrial park. It is the preferred station to fill up for the truck drivers. To begin with, it has separate diesel pump island which can accommodate trucks of all sizes. There is also extensive parking for trucks so they have no problem parking after filling up and going into the 1500 square foot convenience store. Inside the store is a coffee island and a large selection of food items for them to take on the road. The store is virtually wall-to-wall with refrigerated and freezer displays. The store consistently does between $60,000 - $90,000 a month in sales. They earn an additional $4,000 in Lotto commissions and an additional $1,000 in profits from the ATM, air and vacuum. The station pumps over 105,000 gallons per month with solid margins of 60 cents per gallon on diesel and 27 cents per gallon on gas. There are two new pumps and the lighting has been upgraded to energy-efficient LED. There are four double-walled fiberglass tanks that are totally up to code. There are 18 years left on the lease. The current rent is only $11,175 and that is locked in until 2022. There is a new HVAC system plus an emergency-backup generator to keep you going even if the power goes out due to a major storm. The income is provable. The owners take combined salaries of over $210,000 plus bonuses. One of the partners is moving out of the area forcing the sale. The other partner has a larger station which requires most of his time. This is a solid money-making opportunity, too good to pass up!

KEY FEATURES 1. Loyal customer base 2. 1500 sq. ft C-Store 3. Owner Nets $280K plus 4. 18 years left on lease 5. No rent increase until 2022 6. Owner financing available 7. Lots of house accounts 8. Large margins 9. Partner relocating out of area

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