BP - Gas Station and Convenience Store

Bill Blau Business Broker, Inc. has been retained to arrange for the sale of the business of the BP Gas Station with convenience store which is located on a lighted corner on a prime intersection on a major thoroughfare in the Bronx, it has a canopy, 3 MPD’s, sells diesel and has a topaz touch screen POS system. Easy station to operate with very low payroll (1 employee per shift if you only provide self-serve) and is a great station for an owner operator. Currently open 24 hours.

The subject business sells approximately 105,000 gallons per month of gas and diesel (100k gas & 5k diesel) at approximately 22 cpg for self-serve gas, 95 cpg for full-serve gas, 60 cpg for self-serve diesel, the station has two-tier pricing, 14 cpg more for credit cards sales. You buy gas directly from BP at BP DTW. Store sales are approximately $23,000 per month at a 35% profit margin (low cigarette sales). Lottery nets approximately $3,000 per month in commissions. ATM does approximately $600 per month net and Air/Vac does approximately $550 per month net. Rent will be $12,000 per month plus $1,750 per month in RE taxes, buyer will be provided with a new 10-year lease with 2½% annual increases. The annual income for this site will be approximately $157,800 per year as per seller.