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Gas Station-auto Repair - C Store - 32800 For Sale

Essex County, Massachusetts
Asking Price:
$115,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,200,000 (USD)
Cash Flow:
$40,000 (USD)

Branded gas station/convenience store/auto repair located on a very busy state highway with many national fast food and retail stores,on the MA/NH border. Place was closed, current owner took it over and remodeled it. Was supposed to have a partner run it day to day, but backed out. Owner has other business interests and must sell. Has 4 large repair bays with lifts. 4 pumps for gas that are double sided with 8 pumping stations. Currently selling 1300 gallons p/day (which has been increasing steadily) with an average margin of .20 p/gallon. Retail price is set by the owner. Also new signage with energy efficient halogen lighting, recently painted building and sealed driveway to create a clean and welcoming look. Other gas stations on same road but their retail prices are MUCH higher (by .20 p/gal)! Also they do not have repair bays. Lot is large to make easy access to pumps and repair bays. Also large enough lot to add truck rentals, with 17 parking spaces. Convenience store is small, but could easily knock out a wall and add more items. Has been approved for lottery. One of the repair bays has just started being used by a mechanic who pays the owner 50% of revenue. This is a golden opportunity for a mechanic to have their own business. The gas station part of the business pays your overhead and the rest is profit. Add lottery and profit even more as there are a lot of walk in customers! Currently closes at 7 PM, extend the hours and sell more gas! Make back your investment quickly! Will need to show the landlord/gas distributor $50,000 in liquid assets after purchase. This won't last!

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Business Operation

Reasons for selling:

Other business interests

Employees:
1 FT/2 PT
Years established:
1

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$2,000 (USD) - included in the asking price
Inventory / Stock value:
$20,000 (USD)
Website:
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