Gas Station Dealership For Sale either with or without the Real Estate in Columbia County NY| Property Group | Commercial | | Property Type | | | Lotsize | 2.00 acres | | Waste System | Septic | | Price | US$ 175,000
For Sale |
| | Location | Valatie 12106 | | Nearest City | Kinderhook | | Office Space | 4500 sq/ft |
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Asking Price for Business only: $225,000. + Inventory
Asking Price for Business and Real Estate: $1,250,000.
(There is approximately $65,000 to $70,000. in C-Store and Gas Inventory)
*Distributor requires approximately $25,000. for Security Deposit
***SET YOU OWN GAS PRICES***
* Route 9 location major state road
* 5 Year Option to Buy
* 720,000+ gallons per year
* Lotto: $250K+ per year
* C-Store - $600K+ per year + lotto
* Long Term Lease (5+5+5 year)
* Excellent Location near I-90
* Rent: $5,500 per month
* Dealer Margin- currently .14 cents+
* Currently operated without Beer License
This offering includes both the business and the Branded Gas Dealership. Here are the basic details:
$225,000 for the Business (ALL CASH REQUIRED)
$70,000+/- for Gas and Convenience Store inventory. (This amount is refundable should you decide to sell at a future date).
$25,000 Security Deposit for Distributor.
Gross Income is approximately $24,400 per month or $292,800 per year
Here are the monthly expenses:
$ 5,500 - Rent
$ 2,500 - All Utilities
$ 600 - Maintenance
$ 1,500 - Credit Card Expenses
$ 600 - Insurance
$ 5,000 - Labor costs with Owner working (includes 400+ employee hours per month)
________
-$- 15,700 Total Expenses
____________________
$+ 8,700 Net Income per month
5 YEAR OPTION TO BUY: Should the buyers decide to exercise their option to buy the real estate during the 5 year option period, the Sellers will credit the buyers with the amount of original costs of the Dealership as a downpayment. Financing may also be available through the Distributor for 15 years at Prime + 2 points. There is a substantial value in having this option available as the property can be purchased in the future at todays prices.
ADDITIONAL INFORMATION
The current building (inside and outside) has been upgraded and painted.
The driveway has recently been redone.
The property has been landscaped.
Owners recently added a Picadelli Program to the business
All tanks (three 8,000 gal tanks) in the ground are double-walled fiberglass tanks with state-of-the-art monitoring system in place.
Currently has 2 gas pumps and 1 diesel pump.
REASONS FOR SELLING
The current owners had sold the Dealership about 1 ½ years ago to 2 partners from NYC. Although the current owners had a beer license, the 2 partners that purchased the dealership never applied for a new one and operated the business without one. One of the partners apparently was also stealing cash from the business and left the area with the business owing substantial amounts of money to suppliers. The current owners (who also own the property) stepped in and bought the business back from the remaining partner and are now offering the Dealership for sale again. They own several gas station properties in the Capital District area of New York and are looking to purchase larger properties.
It is estimated that once the new owner gets a beer license, the sales will increase by a minimum of 20%.
Current Weather in New York, Kennedy International Airport, NY, United States
Reported at 02:51 UTC
Wind 3.1 meters per second (6.9 miles per hour) from north (360°).
Temperature: 10 °C (50 °F), with a dew-point at 3 °C (37 °F)
Atmospheric pressure: 1029 hPa (30.39 inHg)
Relative humidity: 61.7%.
Clouds: a few clouds at a height of 1829 meters (6000 feet).
Overall visibility: 16.1 kilometers (10.0 miles)
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| | For further details contact
John Wallace
Chatham, 12037
United States
Phone: 518-392-7062
Cellular: 518-441-5139
Fax: 877-875-5704
http://www.grayrider.com |
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