Business To Buy

Sunoco Gas Station for sale in Morris County, NJ

Morris County, New Jersey
Well established high Volume Sunoco gas station located on a busy NJ highway in Northern New Jersey, Morris County. The owner has elected to sell after many years in business at this particular location. The business pumps 1,140,000 + gallons annually with $.25 cents as an average pool margin. The business also generates high income on auto repairs representing a substantial net income to the owner/operator. Sunoco is a national wholesaler of gasoline and is rated number 2 in the United States. The sale includes a full turnkey operation, with multiple pumps, various underground tanks which the franchisor is responsible for and various high capacity built-in equipment. The site has private parking on site for 15- 20 vehicles as part of the lease agreement. The business is operational seven days per week with hours from 6:00 am to 11:00 pm. The business has a municipal license to conduct business and it is franchise approved. Sunoco will supply a franchise agreement plus a long lease. The business has a full staff of experienced employees who are unaware of the pending sale and expected to remain post closing. The facility has been approved by Sunoco Corp. for conversion to a Convenience store which can further improve the business income.

Financials

Price: $319,000
Gross Income: $2,995,000
Cash Flow: $138,000
FFE: $0
Inventory: $0
Real Estate Value: $0

About the Business

Office Reference ID: #
Year Established: 0
Financing:
Training: Yes
Facilities: +High Visibility +Highway Location +Located next to shopping plaza and restaurants +Station can be entered from two different streets +Has: ATM, soda machines, coin air pump and vacuum cleaner +Race Fuel (100 Octane Fuel) at a very high pool margin
Competition:
Growth:
Business Listed By
Name: Paul Ardo
Company: American Business Brokers
Phone: 888-572-9949

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