Gas Station & Store on Busy Route in Long Island Pumps 75,000 Gallons Monthly, Netting $100,000+/Year.
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Asking Price
$290,000
Detailed Information
Business Description
This gas station and convenience store combo, situated on a high-traffic route in Long Island, presents a lucrative business opportunity. With a 15-year lease and $8,000 monthly rent, the station pumps 75,000 gallons at a 22 cents profit per gallon, alongside offering a variety of services such as lotto, beer, cigarettes, ATM, and coffee. The store's monthly gross sales amount to $45,000, with additional revenue streams like lotto commissions of $1,800 per month. Despite being a profitable venture with a yearly net cash flow exceeding $100,000, the current owner is facing health issues and commuting challenges, making it difficult to manage the business effectively. This situation opens up a prime chance for a first-time gas station buyer to step in and take over a well-established operation. The potential for growth and success in a busy location like Long Island makes this business an attractive investment opportunity.