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Listed by:

Nationwide Brokerage Group Inc

Branded Site Gas Pumping Over 110k For Sale

Keansburg, New Jersey, US
Asking Price:
$950,000 (USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

High volume Branded gas station with a very High Traffic count of over 30,000 cars a day travel this road. The station is located on a major Highway with a lot of local and commercial traffic that keeps the station very busy 7 days a week. This station has plenty of parking (over 15) to keep up with the volume of customers that keep this store extremely busy with an average of $110,000 a month at a very High Profit Margin. This 2,000 sf Powerhouse of a convenience store also has a well known franchise Dunkin Donuts. The franchise pays the rent directly to the operator and brings in plenty of customers to the store with cigarettes and coffee go Hand in Hand with over $1,000 a month in Cigarette Rebates alone. The store itself is 100% owner absentee with outstanding numbers starting with $90,000 a month store sales, Lotto $85,000, ATM $2,000 NET with-all other income numbers provided to the right qualified buyer. This station is currently feeding 3 families with No Problems it's taken over 7 years to set up the station to make Money with very little effort. The new buyer will be purchasing a True Turn Key Business that is bringing in an average of $25,000 a month (CURRENT) of PURE NET PROFIT. All upgrades have been done including the tanks (DWF) Canopy/Post Sign with new LED Lighting that saves an average of $400 a month on electric. There is currently a fuel contract in place (RACK+2 AFTER GAS REBATES COMES OUT TO BE RACK) that expires in 1 year which the landlord will give new buyer full control of. The new buyer could change brand and collect upfront money ($150K) from fuel company or Run Unbranded it's your choice. The station will need some TLC with pumps and Island needing to be replaced in the near future . This location is currently pumping an average of $110,000 gallons a month with a Pool Margin of 30-45 cents per gallon with cash and credit at a 10 cents difference. This station has never been lower than .30 cent pool margin in over 5 years with all paperwork in hand for the right qualified buyer. The landlord is looking for a good tenant to run this business for 20 years NNN Lease with the rent starting at $17,000 a month. If you have been waiting for a No Brainer investment, this is it with a net profit that is current of $25,000 a month after all expenses. This location could be ran unbranded with the fuel contract running out in 1 year with the tenant being responsible of changing pumps and Island. The second choice is that the station will stay branded and new tenant gets everything new pumps with new card readers, Island and fuel company will add a diesel pump which will guarantee at least 10,000 gallons a month. This will all be done by fuel company that's over $150,000 investment with new operator getting a fuel contract of RACK +2. The seller is also opened to some seller financing ($350k) with $600,000 down to the new qualified operator. The station is being sold under market value for a quick sale to the right buyer. This station pre Covid-19 has a history of over $450k in net profit with the landlord putting willing to hold a note and knowing that there is plenty of money here to support the business and pay the note. The terms on the note will be discussed between the seller and the new buyer once the process gets going. Make an offer. THE PRICE REDUCED - RENT REDUCED - RECESSION PROOF BUSINESS - TRUE TURN KEY - CURRENTLY $25K A MONTH - OWNER FINANCING -

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