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Gas Station and Car Wash with Real Estate - Absentee Run, Long Beach, CA

1002780Ref #:
Price: $ 1,950,000 Price is negotiable
Established,Years: 25
Building Size: 500
Annual Sales, USD: call/email
Lot Size: 15000
Monthly Sales, USD: ---
Lease Expires In: ---
Annual Cashflow: ---
Lease Options, Yrs: ---
Monthly Cashflow: ---
Rent, USD ---
FF&E, USD: 300,000
Real Estate Included: Yes
Inventory, USD: 50,000
Relocatable: No
Inventory Included: No
Home-Based Business: No
Owner Financing: Yes
Absentee Owner: Yes
Franchise: No

Description

Mobil Gas with Wash and Real Estate Mobil Gas with Wash and Real Estate Business is located on main highway on a busy corner intersection--established over 25 years. Prior owner added a fourth pump, resurfaced station and converted to Mobil Gas The current owner has owned station for two years The station is located on about 15,000 sq ft and has drive thru Car Wash on lot. Prior owner averaged 250,000 at 12 cents per gal current owner is using 18-20 cent pool margin The Long Beach area is very price sensitive and by increase in gas prices has lost many customers and has reduced the gas sales down to100,000 gallons per month. Station needs and on hand aggressive owner operator that understand the business. store sales run $22K month at 35% profit (no beer & wine - never applied), Lotto sales run about $7K month at 6% and Car Wash sales run about $10K mo on season and $5000-$7000 Winter months. The current Mobil Contract is in the process of being renewed and buyer can take advantage of any funds that will be provided by the application of the new contract. Mobil has offered $150,000 to renew the contract which would bring the selling price to $1,800,000. Plus one cent rebate up to 140,000, and two cents rebate up to 205,000 and two & half cents over 205 This is an excellent opportunity for an experienced operator.

 

Contact

Documents:

To speed up the process, please complete and sign NDA form and fax to 888-521-4440, or scan and email to info@gbgusa.com

Location

Los Angeles County, California, United States