Branded Station off LIE Exit - Run Absentee
Queens County, NY

Financing: $175,000.00 Down and Possible for a Qualified Buyer

Reason for Selling:Lack of time to manage.

Branded Station off LIE Exit. This station has a corner location right off one of the most heavily traveled roads on Long Island. Tanks are double-walled, fiberglass. All pumps, nozzles and hoses were recently replaced. The station pumps approx. 80,000 gallons per month at a profit of .20 cents per gallon (after CC fees and Sales Tax). The Convenience Store grosses approx. $30,000 per month with 32% gross profit margins. The repair portion of the business grosses approx. $30,000 per month with 65% gross profit margins. LOTTO brings in about $18K Gross per month. The station is canopied with 6 fueling positions and 3 pumps. All self serve. They have a 3 bay repair area and a separate 200 sq. ft. c-store. In the past 12 months the business brought a Net Income of approx. $128,770.00 to the owner - RUN ABSENTEE. Gas, C-Store and parts Inventory is NOT included in the asking price. It is approx. $45K. Buyers must also be prepared to pay a $30K gas security deposit. So the total price is $175K plus $75K (in inventory and deposits) = $250K. All potential buyers must show Proof of Funds before particular details will be released. Call Mel Vaz at 631-909-1095.