High-traffic Gas Station with 3-Bay Garage, [City, State]
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Asking Price
$2,800,000
Detailed Information
Business Description
This property is a gas station with a 3-bay garage, situated in a high-traffic area surrounded by both residential and commercial properties. It features 4 MPDs and a canopy, currently pumping approximately 75,000 gallons per month with a pool margin of 35 cents. The shop space is leased out, offering a great opportunity for a mechanic who wishes to own and operate their own business. The station is equipped with three 12,000-gallon tanks that are compliant with regulations, making financing possible with a 30% down payment. This gas station also comes with a 20-year supply agreement with Exxon Rack, providing a strong foundation for consistent fuel supply. With only limited competition in the area, the gas margin remains consistently higher than that of surrounding counties. The property is a sound investment for aspiring business owners looking to enter the automotive services industry, particularly for those interested in hands-on operation. The strategic location and existing lease present a favorable opportunity to step into a thriving business