Asking Price: $675,000

Gross Revenue: $2,223,205

Gross Revenue Comments: Gross receipts number is from 2006 tax return

Cash Flow: $114,000

Cash Flow Comments: Cash flow is based on recast financials

Real Estate: $525,000 (Included in Asking Price)

This unbranded full-service gas station is located in Massachusetts near the New York border on the main street in a quaint downtown area. The facility has a 1,764 square foot building with a two repair bays that could be run as-is or converted to a store. There is one dispenser island with a total of three Gilbarco blending dispensers and an overhead canopy.
The site is currently a Mobil station and fuel volume is about 600,000 gallons per year at an excellent pool margin of 25 cents per gallon. The site will transfer without a fuel supply contract. The repair bays currently generate about $27,000 per month. There is a towing business that the owner plans to keep.
Three single walled fiberglass tanks were installed in 1981 and give the site 24,000 gallons of storage. There is a Gilbarco console and a Veeder-Root tank monitoring system.

The lot size is 7,440 square feet. Building is approximately 1,764 square feet.

Highlights:

Gasoline volume: 600,000 gallons per year at 25 cents per gallon.

Equipment: Three single-walled fiberglass tanks (8,000 NL, 6,000 NL, 10,000 Super), three Gilbarco blending dispensers, Gilbarco console, one canopy, Veeder-Root tank monitor, two electric lifts.

Gasoline contract: None required.

RE Taxes: $3,707 (estimated FYE 2007).

Utilities: There is municipal water and sewer to the property. Waste oil heat.