Description

Owner relocating out of state for this highly profitable, independent gas station and convenience store & Lotto in a central area of Northumberland County, PA. The business has yearly gross fuel sales of $956,000 and the convenient store has a yearly gross income of $762,000. The sale includes a long term commercial lease at a fair rental cost and an option to purchase the real estate. The business has been fully upgraded during the past few years and all equipment is in excellent working condition. All underground tanks are in excellent condition and are the responsibility of the landlord. The sale includes a fully equipped gas station and retail convenient store with displays, shelving, POS system, tables, computers, and refrigeration & freezer units including all the necessary equipment to maintain the day to day business operation. This particular business has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,000. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $2,600 and rent security $2,600. The business facility which consists of 1,400 sq. ft. has a capacity for twenty customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required license approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 30% investment return to the owner operator prior to debt service. The 2014 gross yearly income from the C store is $762,000 and fuel sales of $956,000 and a yearly net income of $145,000 prior to debt service. The asking price is $335,000 for this business and the price is based on a multiple of the net yearly income along with the value of the assets, seller financing has been tentatively approved to a qualified buyer. Additionally an option to purchase the real estate is available for $450,000. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Financial Summary

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