NEW JERSEY 08865
BRANDED GAS STATION
WARREN NEW JERSEY 08865
Huge Branded Gas Station With 1,100 SF Remodeled C Store On Major Road
This location is sitting on an 3/4 acre lot with 3 entrances/exits that keep the flow of traffic coming in quickly from both roads. The seller has remodeled the entire store and has invested over $30K in upgrades. There was no expense spared by the seller everything new, Tile floor, New Drop ceiling, Lighting, New Electric Panel with New wiring, New Walls (Sheetrock and Spackle) New paint and everything works as it should. The store comes fully equip with an 8 x 10 walk in cooler that is in working condition and still looks new. This location has full canopy with 4 MPD's that is currently pumping an average of 80,000 gallons a month at a very high margin. The station has 2 tier pricing with cash/credit at a 10 cents difference which covers all credit card fees and adds an additional 4 cents to margin. The property has no environmental issues with new updated double wall fiberglass tanks that are as follows (1) 10k Gal REG, (1) 5K REG, (1) 8K Gal Diesel, (1) 6K Gal Kerosene which keeps tank insurance real low. The lease is for 10 years with an option for 5 more years at the end of lease to be determined. The fuel contract will be Sunoco direct RACK with new buyer not needing to be approved by fuel company. The store also comes with a new POS system ($10K investment) that was recently installed and could now except Sunoco credit cards which will increase volume by 15%. This station is perfect for family ran business or a buyer with C store experience. The store is 1,100 sf with plenty of room for a franchise or a smoke shop for more revenue. This location has endless opportunities and with the right buyer it could be possible you just have to have vision for the store. The neighborhood hasn't change for several years 70% of the people that live in the county play lotto. The new buyer will have the option to add lotto,Quick Draw and increase cash flow overall by 10% there is no restrictions on lease and no violations with the state. The store is within compliance with the state and is legal to operate at any given time.There is also plenty of room in the parking to add U Haul and still have plenty of room left over to sell cars. No dealers license required to sell cars you only need the room in the parking lot. THIS LOCATION IS BEING RAN 100% OWNER ABSENTEE FOR OVER 4 YEARS. LOW OVERHEAD ONLY 1 FULL TIME AND 1 PART TIME EMPLOYEE NEEDED.