Gas Station And Convenience Store In Passaic County For Sale

Business description

Profitable high volume franchise Gulf Gas station with a huge convenient store in an active area of Passaic County, NJ. This
fuel station has gross gas sales of 1,800,000 gallons yearly and $550,000 gross sales from the C Store. The business also produces income from Lotto and ATM sales. The owner will supply a long term fuel contract, will supply the fuel based on a commission relationship at $.6 cents per gallon. The gas station is two years young, with a clean modern appearance and located on an active county road with high volume traffic. The sale includes a full C- Store including various displays, walk in refrigeration and freezers, counters and all equipment required to operate this fuel station business. The facility C-Store has a legal capacity for 46 customers consisting of 1,600 square feet, on one main floor with no basement. The sale includes private parking for ten vehicles as part of the lease agreement. The business is operational seven days per week and twenty four hours daily. The business is franchise & Lotto approved and a municipal approved to operate. The business has a long term commercial lease with a monthly rent of $13,000. The business has a full staff of experienced employees, is unaware of the pending sale and expected to remain post closing. The business has three double wall two year young fuel tanks consisting of 20,000 gallon, 8,000 gallon and 12,000 gallons. The business has four pumps, upgraded automatic line leak detector monitoring equipment with no environmental issues. The franchise agreement is twenty years and all equipment up keep-repairs is the responsibility of the franchisor and not the tenant. The sale includes a long term commercial lease agreement.

Property information

Real Estate:

Real Property Included

Location:

Located in an active commercial area of Passaic County, New Jersey and on a high traffic county road near various highways.

Premises details:

The business location is 10,000 square feet as a free standing building with various entrances. The facility consists of 1,600 square feet in an attractive modern two year young building with private parking as part of the lease agreement. The C-Store is ultra modern and two years young with all modern equipment.

Business Operation

Expansion potential:

With on site ownership and continued good service this business will improve representing a higher net income to the owner operator.

Competition / Market:

No other similar fuel stations with C-Stores are in this particular area and the seller will supply a non compete agreement to the new operator.

Reasons for selling:

The seller has an alternative fuel station out of the area.

Employees:

4

Years established:

2010

Other information

Furniture / Fixtures value:

$325,000 (included in the asking price)

Inventory / Stock value:

$30,000

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