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

Gas Station/State Inspections/Repairs Near Boston with RE

Massachusetts (MA)

Asking Price: Gross: Cash Flow:
$749,000 $3,000,000 $140,000

Business Summary:
This is an excellent opportunity to own a recently renovated service station with state inspections! New tanks were installed in 2004! This unbranded full service gas station is located just north of Boston in a very desirable high traffic location with a traffic count of over 20,000 cars per day. The station pumps about 90,000 gallons per month at an average profit margin of 12 CPG. The site has three fully equipped repair bays generating steady revenues of $25-30K per month at 50% profit margins. The seller has just added state inspections and is doing about 100 inspections per month after just two months. The island includes two new Gilbarco dispensers and an overhead canopy. Hours of operation are 6:00 am to 10:00 pm daily. A 2,000 SF building and 4,500 SF of land will convey with the sale.

 

   
Year Business was Established: 1990
   
Number of Employees: 4  
   
Facilities / Terms of Lease: Land is 4,500 square feet. Building is 2,000 square feet. There are three service bays with two lifts and a Massachusetts state inspection machine, tire changer, tire balancer, Veeder-Root TLS 350 tank monitoring system. Outside there are two double walled fiberglass underground storage tanks (installed in 2004) with 12,000 gallons total storage and two Gilbarco dispensers with an overhead canopy.  
   
Potential Growth/Expansion: The inspection machine was just added in October 2006, so there is significant potential to increase the inspection numbers.  
   
Competition: The business is in a great location on a main road in a busy suburb of Boston. There is significant competition for gasoline but the repair business is excellent and the inspection machine is a money maker and a good draw for the repair business.  
   
Owner willing to finance: None  
   
Owner willing to train: One week transitional support.  
   
Reason for selling: Owner is retiring.  
   
Seller Reference Number: 209
BusinessMart.com Listing Number: 31284
 

 

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For more info contact:

Aaron I. Cutler

Petro Realty Corp.
781-749-3663

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