Description of the business for sale
This is a prime independent gas station with land located off Fwy 99. The lot size is 18,000 sq. ft. Currently is has three main sources of income: Gas, C-Store and Auto Repair /Smog check. The business used to consistently generate $2.2M in annual sales before owner's injury, thereafter about $1.8M. C-Store is 1000 sq.ft. and has B&W license. Auto-repair and smog shop is 1010 sq.ft. and has 1 bay. Current adjusted net income is $20,000/mo. The station has room for improvement with add-on such as Subway restaurant (pre-approved by Subway rep.), adding more bays to the auto repair and smog check station, or adding more room for the convenience store. Great potential for a 1030 exchange. The surrounding areas are being developed, ie. Super Wal-Mart is being built, Asian strip mall is being built near the area and a 113 townhouse/apartment complex is scheduled to be built next to the property. The station is located at the freeway exit leading to all the Asian supermarkets and shopping strip malls. The area soon will become the next China-town or Vietnamese town. If you can buy and hold the property for 2-5 years you will have a big return. The asking price include business and real estate. Inventory is extra. For more information, please call Global Business Group at 714-434-2663, ask for Jacob Berenfeld. ADD FIN INFO: Inventory ($ 25000 ). FF&E ($ 100000 ). REAL ESTATE: ($ 800000 ). REASONS FOR SELLING: Health problem
Support / Training provided by seller
Seller will provide 2 weeks training