Business Summary:
Branded full-service gas station with State Inspection is located on the South Shore at a busy numbered route. The facility has a two bay garage with one 25-foot repair bay and one 45-foot Inspection bay. There is one island with two Gilbarco blending dispensers and overhead canopy. There is currently a major oil company tenant leasing the property with a dealer who will continue to lease it or vacate the property at the buyer’s discretion. The oil company lease expires in February 2010. Two Permatank fiberglass double walled tanks were installed in 1993 with a 30-year warranty providing 15,000 gallons of storage. This location has a Class II Used car license that is transferable. In addition, 250-300 state inspections are performed per month providing $7-8000 of income. The site has a clean environmental history and is part of the 21J fund, with a current 100% reimbursable Certificate of Compliance.
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| Facilities / Terms of Lease:
The site is located on 20,020 square feet of land. Storage is 15,000 gallons consisting of one 10,000 Unleaded tank and one 5,000 Super tank. A new heating system was installed in 2002. The rest rooms were remodeled, overhead doors have been replaced as well as a new air compressor installed. In 2008 a Veeter Root 350 TLS state of the art tank monitoring system was installed. There is municipal water to the property. |
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| Potential
Growth/Expansion:
The site can be approved for self-service with a convenience store and lottery to boost business. There is room to add an additional island. The current dealer has not showed an interest in gasoline volume, as he is a mechanic and not a gasoline retailer. Although there has been no interest in developing volume, this location has had a history of 500-800k gallons per year. |
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| Competition:
The site is located in a south shore community on a state route with a high traffic count. There is some competition in the community although there are only two gas stations with state inspection. |
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| Owner
willing to train:
Owner is receptive in assisting in obtaining permits necessary to upgrade this location. Owner will consider a long term lease |
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| Reason for selling:
Owner Retiring |
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Seller Reference Number: bm994492545
BusinessMart.com Listing Number: 67746 |
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