High Volume Unbranded Gas Station for Lease in NJ

High Volume Unbranded Gas Station for Lease in Sussex, New Jersey

Franchised station selling unbranded fuel over 100k gallons a month with no competition in the area. The station is being sold with just the fuel; the store is not included in the sale. This station has 8 MPDs with a full canopy that has an average volume of 100,000 gallons a month at a very high margin. The station is being sold with no fuel contract attached and a very long lease of 19 years, so it's a solid investment. The station also sells home heating oil that brings in over $152,000 in gross profit, with all the customers being from the surrounding area. The seller (investment group) is selling due to other investments that they have going on, and they need to raise capital for. The rent for just the gas portion of the station is $7,000 a month, which isn't an issue here; the gas covers everything as it should. There is also U-Haul here, which brings in $10,000 a year, along with the air/vac that separately brings in $3,600 a year. This group has listed the station for $700,000 with the seller's claim of over $400,000 a year in net profit. Make an Offer

NO FUEL CONTRACT



Financial Information

VOLUME 100,000-120,000 AVERAGE
HEATING OIL 8,400 300 GALLONS A DAY
HEATING OIL PROFIT $1.00 $8,400 NET PROFIT
U-HAUL $833.33 $10,000 NET YEARLY
AIR/VAC $300 $3,600 YEARLY
LEASE 19
LEASE TYPE TRIPLE NET NNN
HOURS 24 HOURS YEARLY
CASH FLOW $438,061 NET PROFIT
ASKING PRICE $700,000 MOVE IN READY
PROFIT AND LOSS
PROFIT TOTAL GROSS PROFIT
GAS GROSS PROFIT $345,000 YEARLY
DIESEL GROSS PROFIT $162,000 YEARLY
HEATING OIL $152,000 YEARLY
65%CC@ 6 CENTS $67,860 YEARLY
AIR/VAC $3,600 AVERAGE YEARLY
U-HAUL $10,000 YEARLY
TOTAL $740,460
EXPENSES YEARLY
EXPENSES
RENT $84,000 TOTAL
REAL ESTATE TAXES 50% $12,000 YEARLY
PAYROLL $120,000 3 FULL TIME
PAYROLL TAXES $12,000 YEARLY
UTILITIES $5,000 YEARLY
ACCOUNTANT $2,000 YEARLY
INSURANCES/ WC $7,300 YEARLY
MAINTENANCE /COMPLIANCE $4,500 YEARLY
GARBAGE REMOVAL $3,600 YEARLY
INTERNET/ PHONE $1,300 YEARLY
CREDIT CARD FEES $60,000 YEARLY
MAINTENANCE/ MISC $10,000 PUMPS/TESTING
TOTAL $321,700

PROFIT $740,460
EXPENSES $321,700
TOTAL NET PROFIT $418,760