Business Description Gas Station Off Of Major Freeway
SIC Code Organizational Form Sole Proprietorship
General Location Artesia
Selling Price $399,000 Down Payment $399,000
Discretionary Earnings 72,000 Annually
Days and Hoursof Operation Seven days: 6 am to 11 pm
Year Established 1967
Full-Time Employees 2 Part Time 0 Managers 0
Hours Owner Works 0
Training & Cost 2 weeks training.
Non Compete 5 miles for 5 years
Executive Summary
Location! Location! Location! Just off of a major freeway, this is a rare opportunity to own an independent gas station and market in the thick of things. This highly visible gas station and market is located in a heavily traveled area with freeway on and off ramps on either side of the major thoroughfare. The station is equipped with three 10,000 gallon tanks with new fiber optics and is completely up to code. Established business has been in the same location for approximately 40 years! This is an excellent business for an owner/operator who is looking for an investment opportunity. Owner is willing to assist in the station’s conversion to Union 76, Valero, or Alliance. Revenue is approximately 80,000 gallons per month plus $21,000 from the market. Owner’s net income is $72,000.
Profits may be increased by adding additional services such as money service/check cashing and adding more inventory and lottery ticket sales.
Confidential business information provided to qualified buyers only.
Lease / Building Information
Monthly Lease/Rent $5,000 Deposit
Expires 10/31/2008 Building Type Stand Alone
Terms & Options Three 5 year options
Square Footage / Dim. Seating
Other
Assets (Y=Included / N=Not Included / A=Available)
Accounts Receivable N
Licenses N
Inventory N
Type of License
L/H Improvements N
Other Assets
Furniture / Equipment Y $100,000
Real Estate N
Total Assets $100,000
Information contained herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary.
Printed on 10/25/2007 2:06:24 PM by Iqbal Hussain