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Businesses For Sale > Business For Sale in Massachusetts (MA)

Gas Station/State Inspections/Repairs North Shore

Massachusetts (MA)

Asking Price: Gross: Cash Flow:
$299,000 $2,700,000 $162,939

Furniture and Fixtures Value:
$150,000 (included in the asking price)

Business Summary:
This unbranded full service gas station is located on the North Shore on a busy numbered route, with a traffic count of over 20,000 cars per day. The station pumps 863,000 gallons per year of gasoline and diesel at an average profit margin of 14 CPG. Currently the fuel offering is cash only, so the site could pump more by accepting credit cards. The inspection machine does 3,300 stickers per year. The inspection numbers are increasing because an inspection station up the street recently closed. The repair revenues are about $25,000 per month, with gross profit from the bays of about $12,500 per month. The site has a 1,760 square foot one story service station with two repair bays and one inspection bay. There is one gas island with two Wayne blending dispensers with an overhead canopy. Three double-walled fiberglass tanks were installed in 1998 and give the site 24,000 gallons of storage. The station is situated on one acre of land, with about 30,000 square feet usable. This is an excellent repair/fuel facility but could also be rebuilt into a tremendous convenience store with fuel. Hours of operation fuel: M-S 6a-7p, Sunday 8a-6p. Service bays: M-F 8a-5p, Saturday 8a-12p.

 

   
Year Business was Established: 1998
   
Number of Employees: 5  
   
Facilities / Terms of Lease: The lease runs for four more years with two five-year tenant options. The landlord pays the property taxes. A Massachusetts state inspection machine is included in the purchase price. There is also a Hunter alignment rack, two other lifts, a tire machine, wheel balancer and transmission jack.  
   
Potential Growth/Expansion: This site could be rebuilt into an excellent gas station with convenience store offering. The site also has plenty of room for a used car dealership.  
   
Competition: The gasoline market is relatively competitive but it is a very busy street so there are plenty of customers. The service bay business has some competition but it does very well without price-cutting.  
   
Owner willing to finance: None  
   
Owner willing to train: Reasonable transition as needed.  
   
Reason for selling: Health reasons  
   
Seller Reference Number: 211
BusinessMart.com Listing Number: 31283
 

 

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For more info contact:

Aaron I. Cutler

Petro Realty Corp.
781-749-3663

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