Commission Agent Cash Flow $120k

Commission Agent Cash Flow $120k C Store Car Wash Long Lease

Branded station located on a major busy road with local and commercial traffic. This station is being sold due to the seller's career changes and the relocation of his company, and now the station is up for sale. The station has a full 2,500 sf convenience store that is currently bringing in over $30,000 a month and also sells lottery with commissions paid yearly, $58,000 net profit. The station also has a hand wash car wash, which is being leased out for $2,700 a month. The new operator will have the option to run the hand wash car wash or keep the tenant there and collect rent. The hand wash car wash does really well here with lines down the road (20-30 cars a day) all week long and could be something very lucrative to the new buyer. The gas is commission only on the regular, which the fuel company pays 19 cents for, and the seller makes 70 cents on premium. This location pumps over 40,000 gallons a month, with the fuel company taking care of all maintenance and the monthly testing. The lease is a standard PMPA lease that automatically renews every three years, so basically you can be here for as long as you want. The current rent is $7,500 with property taxes included. There is a deposit required by the fuel company of $60,000, which is refundable when you sell or decide to leave for whatever reason. The current tenant is netting $120k-$140,000 a year and has been running 100% owner absentee. The store is good for adding food or franchises like Subway, with all the car wash customers having nothing to do while cars are being washed. There is plenty of other income here to be made just by adding food and running the car wash an additional 30% of net income. The asking price is $360,000 $340,000 which is at a three-time multiple based on the seller's net of $120,000 a year. All numbers provided will be shown to the right qualified buyer, including tax returns showing the net profit. Make an offer. NEW BUYER WILL HAVE THE OPTION TO RUN CAR WASH AND MAKE AN ADDITIONAL INCOME OF $100K A YEAR