76 Gas Station

76 Gas Station

Available

$2,700,000.00

Listing Number :

 6300

Status :

Available

Price :

$2700000

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Area

24000

Description

76 Gas Station has an amazing Lease, only $60.00/m Rent with 30 years master lease term with no increase in rent! Property taxes are about $19,000/year. Pumps about 60,000 gallons per month @.40 Cents plus margin, Mart is about 500 sq.ft. does about $15,000 a month @40% margin including $2,000 in Lotto. Seller claims his Gross Sale is $11,000/m @40% margin, Propane Sales $4,000/m # 55% margin, U Hall Commission about $3,500/m. Numbers are pre Covid-19. Current Fuel contract expires in November of 2021. payroll is about$7,500/m, utilities are $750/m, Workers comp & Liability Insurance are about $1,000/m. This is a great opportunity to own a station at a great corner with this amazing lease, option to convert the mechanic shops to larger C Store. opens 7 x days (6 am- 11 pm). 2 Tanks 12,000 each, Single Wall due to change by 2025 4 MPD’s, 24,000 sq.ft. lot. Utilities are about $750/m. W.C. & Liability Insurance about $1,000/m. Great Corner with this amazing Lease, option to convert the mechanic shops to bigger C Store. # 6300

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Branded Gas Station
License(s) Required: Business, Heath, ABC
Hours of Operation: 6.00 am-11.00 pm/7 x days a week
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6300
Date Available: 7/21/2020
Reason For Sale: Retiring
Annual Total Revenue:
Annual Net Income:
Inventory:
Monthly Payroll: 7500/m
Lease Information
Base Rent: 60/m
Lease Expires: 2050
Lease Option:
NNN:
 
Financing Information
Down Payment: 2700000
Owner Will Carry:
Other Finance Terms:

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