Gas Station With Convenience Store - GREAT LOCATION For Sale - Business for Sale
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Gas Station and Convenience Store in New York, NY
New York, NY, US
Added today
Gas Station with Convenience Store
A gas station with a convenience store located in New York, NY, featuring a Dealer Tank Wagon fuel supply agreement and situated directly across from a train station.
Key Information
Asking
$575K
Revenue
$175K
Earnings
$192K
Multiple
3.0x
Key Highlights
- There is a non-negotiable fuel supplier transfer fee of $60,000.
- Refundable deposits required: $40,000 fuel deposit and $40,000 security deposit, both returned at lease end if not renewed.
- Lease expires in 2037, with stated likelihood of renewal.
- Monthly gross income averages $49,846, with net monthly income of $15,586 based on trailing 24-month averages.
- Store sales average $50,103/month, generating $17,536/month.
- Lottery commission averages $35,000/month at 6%, equaling $2,100/month.
- Parking income is $900/month, ATM fees are $295/month, and air/vacuum income is $265/month.
- Monthly expenses total $34,260, including rent and taxes ($18,000), payroll ($11,000), insurance ($1,200), utilities ($2,810), technology/service fee ($200), and a $1,050 fuel volume penalty if under 140,000 gallons.
- Business operates under a Dealer Tank Wagon (DTW) supply agreement, allowing operator control of fuel margins and pricing.
- Located directly across from a train station, providing consistent traffic and supplemental parking income.
Contact Info
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