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This Business has been Sold!
Closing Date: 08/14/2013
Broker: Syed Ahmed
Business for Sale Summary

Gasoline Service Station - 20933

Business Type: convenience store,gasoline service station,general merchandise store,other eating & drinking places,other food stores,supermarket,owner financing available
Sold
Gasoline Service Station
On August 14th 2013, 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 $325,000 Down Payment $250,000
Gross Revenues $3,264,000 Lease Remaining Register Free to View
Owner’s Cash Flow $149,900 Number of FT Employees Register Free to View

Financing

$250,000 Down and TBD

Business Description

This un-branded gas station is located on one of the busiest roads in New London County, in CT. The business is close to a neighborhood that has several casinos, and the commercial buildings. It has a very spacious convenience store:2600 sq.ft. The store is laced with lotto, beer, cigarettes, ATM, coffee & breakfast. One particular area is being used as a smoke shop. The business also sells fried chicken and sandwiches, which are cooked on the premises. The seller has all the state licenses selling these items. As there is no fried chicken shop in the area, so the fried chicken and sandwiches bring quite a reasonable revenue to the stores; that also helps increase the sale of beer. It is a self-serve gas station. It pumps around 70,000 gallons a month. The seller's net cash flow, after paying all the expenses, is between $12,000 to $15,000 a month. The seller wants to move to another state, so he must sell it; he, therefore, if willing to finance to a qualified buyer. Call Syed at 631-374-7686 for more information.

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.