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Excellent opportunity to own this new Sunoco Gas Station with active convenience store on a busy highway in commercial area of Pennsylvania. The business is located on 2.9 acres and 1.9 acres consist of highway. The sale includes a fully equipped gas station with four pumps, a large canopy and a fourteen hundred square foot convenience store. The gas station offers diesel, Lotto, ATM, parking, U Hall possibly available and additional income to the owner operator. The business produces 720,000 gallons of fuel yearly at a pool margin of $.16 cents. The sale includes a long term commercial lease agreement at a modest rent cost with an option to purchase the real estate and the business has a ten-year fuel contract. Based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator prior to debt service. The sale includes a fully equipped fuel gas station with a turnkey convenient store consisting of Lotto equipment, fuel pumps and tanks and various equipment required for this industry. This particular business has four employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $5,350. The sale will include an assignable commercial lease which expires in 2027 plus additional options, with a monthly rent of $6,000, cost per square foot is $33.00, plus property taxes $5,000 and rent security of $6,000. Option for property is available. 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 license approval for Lotto. The 2017 gross yearly income is $381,300 and a yearly net income of $100,000 based on a semi absentee ownership, and prior to debt service. Lotto income $30,000 yearly. Based on a multiple of the net yearly income this business has been valued at $325,000 and owner financing is conditionally approved to a qualified buyer, plus franchise transfer fee. This is an excellent business opportunity.
The sale includes a fully equipped fuel gas station with a turnkey convenient store consisting of Lotto equipment, fuel pumps and tanks and various equipment required for this industry.
By developing commercial fuel accounts this business can be further developed.
To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
The owner is retiring from the area into an alternative service industry.
The owner will remain after closing and supply an appropriate transitional period.
Is available to a qualified buyer with an appropriate down payment.
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