Jun 24, 2020 — SELLER FINANCING FOR QUALIFIED BUYERS
Major Branded Gas, Diesel, and Mechanic Facility. 10 Bays. Foreign Car Specialty. On 1.8 acres own property.
Union County, NJ
Asking Price: $600,000
Gross Revenue: $2,708,111
FF&E: $120,000 (Not included in asking price but negotiable)
Inventory: $50,000 (Not included in asking price but negotiable)
Established: 1989, this owner since 1997
This is a well established Exxon Station, situated on 1.8 acres, selling gasoline (70%), diesel (30%). The fuel sales volume of 745,396 gallons provides at least .50 cents average margin yielding a $372,697.50 gross profit.
Garage revenue is at least $700,000. After deducting $231,000 for the cost of parts, a gross profit of $469,000 is realized. Mechanic operations are conducted from a very well equipped 10 bay garage.
CONVENIENCE STORE (C-Store) REVENUE
The C-Store annual revenue is $46,064.38 +/- yielding a 30% gross profit of $13,819 +/-.
The lottery operation produces an annual profit of $7,000 +/-.
Parking facilities provide $30,000 in profit annually.
AIR & VACUUM MACHINE
These machines provide $3,000 in income.
This additional operation yields $2,400 yearly.
TOTAL GROSS PROFIT
Management reports the above functions to provide $897,916 +/- total gross profit.
NET CASHFLOW TO WORKING OWNER
Management reports that the business produces an annual $174,916 +/- net profit plus $130,000 in salaries to the owners. This equals a total net of $304,916 for a working owner.
The business provides the owners $300,000 +/- per yr.
Owners will provide further financial detail to qualified buyers. The business is for sale with, or without, the property.
The station is equipped with 7 above ground lifts, 3 below ground lifts.
Mechanic services are also provided to owners of high-end foreign autos. They have 1,000 customers. All underground tanks are in full compliance.
BUSINESS FOR SALE, WITH OR WITHOUT THE PROPERTY
In the event, the business is sold together with the property, and the buyer wishes to opt for an independent brand or another brand the seller will pay the buyout from Exxon. If a buyer of the business would not be buying the property as well as the business the buyer could rent the facility for $20,000 per month,
Not included in asking price, but negotiable.
FURNITURE, FIXTURES, & EQUIPMENT
Not included in asking price, but negotiable
The business, together with the land can be purchased for $2,500,000. Auto Repair Shop is included.
THE AUTO REPAIR SHOP
The auto repair shop is trustworthy partner for all kinds of car repairs. Personal auto safety assured when the customer's car is on the road running smoothly. They provide comprehensive consultation and perform important safety checks as well. Repair work is by trustworthy employees for all kinds of repairs. A customer's car is repaired exclusively by qualified, trained personnel. Inspections are conducted by specially trained inspectors in order to ensure a customer will have no problems with an official vehicle inspection.
The workshop is equipped with the latest technology and they always stay up to date with new developments in their profession; Personal customer care, fair and transparent pricing, as well as high-quality work, is of greatest importance. Their objective is to ensure a customer's comfort and safety on the road.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.