Absentee Run Gas Station for Sale in Maryland

LISTING ID # 36277

Are you an experienced mechanic/gas station owner seeking to expand your portfolio? Look no more!! Well established ASE certified auto repair shop/gas station with great name recognition for sale. Location boasts an average of 64,200 vehicles per day in traffic volume. Station pumps 40-65 gallons per day with a .10-.11 profit per gallon. Great opportunity to expand hours to capture more customers, as store is currently open from 8am – 8pm only. Sign visibility from the street could be a game changer. Seller has owned multiple repair shops with the same name since 1993 with an A rating on BBB and excellent online reviews. There are currently 2 FT employees, and all equipment is less than 5 years old. This is a full-service repair shop with all services except MD state inspections. New buyer can apply for state inspection license with an additional revenue potential of up to $500k per year! Shop has 2236 sq ft to include 3 service bays and a huge 1 acre back lot. Multiple established revenue streams to include: Certified U-Haul dealership currently operating 2 trucks generating 5-7k/month and lots of room to expand up to 10 trucks or more; Partnership with Car Shield-warranty/vehicle protection company provides revenue boost; Contract with Corporate repair companies for repairs needed brings 3-5 vehicles/month; MD lottery/scratch -offs; convenience store accepts EBT; Bitcoin machine owner rents space @ $150/month. Rent is $8500/month with 1.5 years left on the assignable lease. Buyer must meet landlord requirements with similar business experience and credit for approval. Landlord owns multiple full-service stations, so there are various expansion opportunities in the region for the right buyer. Don’t let this one pass you by -contact the listing broker today!