Vito Mastromonaco
Atlantic County
3772979
Auto & Mech: Services & Gas Stations
$195,000
4 1/2
2
$2,160,000
$228,620
$NA
Not Disclosed
$NA
Not Disclosed
Not Disclosed
Reason for Selling:
Absentee owner - other interest
Overview of the Business:
This major brand gas convenience store located on major East/West highway coming out of or going into Atlantic City offers a new buyer a terrific opportunity to turn a profit. Interior of convenience store which now is cluttered and disorganized would give new owner opportunity to redesign store (does $60,000 monthly now) and bring in $20,000 more monthly business. This station aided by rental income from repair bays $18,000 – annually. Owner operator can increase personal income by operating convenience store and saving a salary. Station is profitable at present but can obtain a new level of profit by becoming worker/owner/manager. Although gas is a very big brand name present owner states that no management certification is necessary. Gas sales would grow at corresponding ratios as store volume grows so would gas sales with this well known brand in this area.
Property Features and Assets:
3,300 square feet. Turnkey gas-convenience-repair; major brand with high traffic; major route into Atlantic City; many other income producing ventures for owner/operator
Market Competition and Expansion:
Expand convenience store with other income producing ventures and product line; example would be a deli, pizzeria, etc.
Additional Details: