MergerPlace

Branded Gas Station with Auto Repair Gar

New Jersey (Essex)


  • Asking Price: $375,000
  • Gross Income: $821,172
  • Cash Flow: $126,707
  • Real Estate: Not Disclosed
  • Inventory: $16,350
  • FF&E: Not Disclosed
  • Listing ID: #211633
  • Established: 1961
  • Employees: 2 FT

Business Description

Branded Gas Station and Auto Repair with Steady Cash flow. This branded gas station and auto repair garage has been at this location since 1961. It services multiple generations in the local area. In addition to 4 branded gas pumps, the 3 bay repair garage is ASC certified for all repair work. The also handle approximately 400 inspections annually. They have a mix of individual and local commercial accounts. The business is a staple of the community and has a loyal following for auto repairs and fuel each week. The owner will train the new owner and has a key employee who wishes to stay in a head mechanic role.

This is a great opportunity to pick up the Real Estate (listed separately for $610K) along with a successful operating business- ACT NOW!


Business Details

Primary Business Category: Retail Trade - Gasoline and Service Stations
Location: New Jersey
County: Essex

Company Information

Year Established: 1961
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT

Financial Information

Asking Price: $375,000
Gross Revenue: $821,172
Cash Flow: $126,707
Inventory: $16,350
Seller Financing Available: No

Property Information

Facilities:

The Real Estate is listed separately for a sale price of $610,000. The pumps and property have all been recently inspected and are up to code. They have $1 million in coverage on each 6,000 gallon tank. All major equipment needed for auto repairs are updated and functional to the garage. Very busy road with lots of visibility. Real Estate info- - 80 x 115 Lot Size - 1563 square ft building- 3 car garage with 4 gas pumps (3 tanks on property) - $18,135 in annual property taxes

Growth & expansion opportunities:

The business has tremendous growth potential for someone that wants to market the business more and continue growing the repair and inspection business. A retail convenience section could be added as well.

Competition:

The biggest competitor for gas in the area is a Wawa but they don't do auto repair work. This business is well respected for its auto repairs, both big and small.

Reason for selling:

Second generation owner is retiring after over 30 successful years in business.

Support & Training:

Will train for 2 weeks @ $0 cost. Product offerings include 4 branded gas pumps, certified state auto repair inspections, general mechanical work, tires, batteries and more.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Daz Connell

Murphy Business Brokers