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This Business has been Sold!
Closing Date: 04/15/2021
Broker: Syed Ahmed
Business for Sale Summary

Gas Station for Sale in Suffolk County, NY - 32491

Business Type: absentee business,convenience store,other eating & drinking places,other food stores,owner financing available,gasoline service station
Sold
Gas Station for Sale in Suffolk County, NY
On April 15th 2021, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $200,000 Down Payment $150,000
Gross Revenues $4,998,000 Lease Remaining Register Free to View
Owner’s Cash Flow $110,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and $50,000 TBD

Business Description

This branded gas station is located on a very busy road on Long Island. It is a self-serve gas station. It pumps 170,000 gallons a month; has a convenience store which has lotto, beer, cigarettes, ATM, coffee & breakfast, etc. They earn $70,000 a month in gross sales. Lotto makes over $3,000 in commission. There is an ATM, air pump and vacuum that make $800 a month. The business has a 14 year lease. Seller must sell it as he has gone into another profession: 100% absentee. Willing to finance. A great location in a very crowded neighborhood full of commercial complexes and residences. An excellent opportunity for a first time gas station buyer. Seller's net cash flow is over $9,000 a month..

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.