Shell Gas Station In Long Beach For Sale

Business description

Shell Gas with leased Smog on a ground lease Nice station on third party ground lease which expires June 2018 plus two 5 year options. The station pumps 153K gallons with c-store sales of $23K monthly. The repair bays are leased out to a smog operator at $2400 per month. The store has been approves for a 7/11 if Buyer desires. The business is totally absentee run at present--on sit operator would increase sales. Net profit about $8K monthly.

Property information

Real Estate:

Lease

Lease terms:

Ground lease is good through June 1028 plus two five year options.

Leasehold rent:

$60,624 per sq ft per annum

Location:

Good visibility location on a busy street

Premises details:

Premises has been approved for a 7/11 store, if Buyer desires. Business has a good ground lease.

Business Operation

Expansion potential:

Business would expand with on-site management

Competition / Market:

Business is well established with lots of repeat customers

Reasons for selling:

Other Business Interests

Trading hours:

Seven Days, 24 Hours

Years established:

1995

Franchise terms

Franchise opportunity:

Yes

Shell Oil Company

Other information

Support & training:

Seller and Shell Oil will Train

Furniture / Fixtures value:

$300,000 (included in the asking price)

Inventory / Stock value:

$25,000