Branded Gas Station with Car Wash and Kiosk
| Asking Price: | $60,000 |
| Rent: | $12,000 |
Open, well-established business with 5 pump dispensers (PDs) for gasoline with a newly renovated LED canopy. The business includes a Car Wash, building space that may be used as a supply store when permits are obtained, and a decent size Kiosk. This business is on a decent size property in a busy intersection at the heart of Cape May, New Jersey.
The station pumps an average of 75,000-80,000 gallons per month, based on 2023 sales data. The average gross margin for gas sales is $0.39/gallon per Q1 2024 data.
This business presents a great opportunity to expand and improve profits, not only by opening efficiently operating the Car-Wash and sell products in the Kiosk , but also by adding new businesses on the lot since this lot attracts customers from both roads in the intersection. The real estate owner who operates this business is now looking to sell the business for a long-term NNN (triple net) lease.
The gas supplier provides gas on a rack+$0.01 pricing model, and also distributes substantial rebates per gallon sold every 6 months. The rebate structure escalates as gas sales improve. The multiple income stream opportunities for this gas station make it a very desirable investment.
