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Businesses For Sale > Business For Sale in Salinas, California (CA)

Vacant Gas Station for Lease for sale in Salinas, CA

Salinas, California (CA)

Asking Price: Gross: Cash Flow:
$ 75,000 Undisclosed Undisclosed

Business Summary:
This is an opportunity for a new business owner to start a gas station business without buying a business. This is a lease of a closed gas station facility at a busy intersection in Salinas. A new lease is being offered at $2700/month plus NNN to the end of 2nd year; Year 3, the rent will be $3000 plus NNN. After that period there will be CPI increases. Call to find out past gas volumes and sales history. The gas station was completely rebuilt in 2001 including a remodeled building, 6 new double dispensers, electronics, 2 new double wall fiberglass/steel tanks (15,000 gal. & 20,000 gal.), lines and concrete paving. There is a 300 SF building used as a payment center that had sold sundries, cigarettes, soda, and snacks through a pass-through window. The gas station was originally branded Beacon and then branded as an independent before it closed in 2008 due to the business owner tenant passing away. The start up expenses include upgrade costs of Enhanced Vapor Recovery (EVR) and meeting current regulations; purchasing a credit card system that would activate the pay at the pump system; and initial servicing of equipment. The estimated cost of the upgrades are $10,000. Of course new merchandise and gasoline inventories must also be established.

 

   
Year Business was Established: 1956
   
Facilities / Terms of Lease: A new lease is being offered at $2700/month plus NNN to the end of 2nd year; Year 3, the rent will be $3000 plus NNN. After that period there will be CPI increases.  
   
Potential Growth/Expansion: Lease extra space from landlord and build a convenience store  
   
Reason for selling: Vacant  
   
Seller Reference Number: M1122-FC
BusinessMart.com Listing Number: 78176
 

 

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For more info contact:

Michael Floorman

BTI Group
408-385-0412

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