Description:
Here’s a great opportunity to own a newly remodeled Valero Gas Station with multiple streams of income, including: Gas Sales, C-Store and Rental Income from a Unique 3-Unit Apartment Complex! Great location, minutes away from the 91 Freeway with excellent street visibility and heavy drive-by traffic. You’ll also benefit from recently approved General Plan amendments in the City of Long Beach, including surrounding new developments + retail shops and restaurants to ensure future growth and long-term profits!
Sellers are extremely motivated to sell and are ready to retire. Since the remodel, they have not put in any effort to expand and grow their business. There is a HUGE potential for growth and expansion for anyone with motivation and experience! Additional sources of revenue can be generated with the addition of a liquor license, check cashing, hot food items or a remodel of the apartment units to add additional units and income. This would also be a great opportunity to offer grocery items as this is located in a residential area.
There are 4 pumps (8 filling stations) - Diesel is available at 2 of the filling stations. Currently pumping 50,000 gallons per month. C-Store Sales - $4,000/month, Apartment Rentals - $3,150/month. EVR system upgraded last year.
Asking Price: $2.249,995
Location: Long Beach
Year Established: 2002
Annual Gross: TBA
Annual Net: $105,600
Employees: None
Reason For Sale: Sellers want to retire
Store Sale: $48,000 / year at 45% profit margin
Apartment Rental: $37,800 / year
Lotto commissions: $8000 per year
ATM commissions: $1800 per year
Phone cards: $1000 per year
Inventory: Not included, sold separately
Store size: approx. 1100 sf.
Store has 9 door cooler
Hours: Mon-Sunday (24 hours)
Call or Email our Office For Complete Details. Toll Free 1-800-727-2100 Ext. 202! Or check out this special virtual tour at: www.valero4sale.com
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Asking Price:
USD $2,249,995.00
Our Ref:
Unspecified
Terms of Sale:
Share Capital
Revenue (Income):
Undisclosed
Net Profit (Cash Flow):
USD $105,600.00
Time Established:
2002
No. of Employees:
0
Expansion Potential:
There are 4 pumps (8 filling stations) - Diesel is available at 2 of the filling stations. Currently pumping 50,000 gallons per month. C-Store Sales - $4,000/month, Apartment Rentals - $3,150/month. EVR system upgraded last year.
Trading Hours:
Hours: Mon-Sunday (24 hours)
Reason for Sale:
Retirement.
Support & Training:
Seller will provide support during Escrow.
Owner Financing:
Yes
Finance Available:
Seller Finance Is Available.
Value of Fixtures/Fittings:
Undisclosed
Value of Stock/Inventory:
Undisclosed
Website:
Property Type:
Freehold
Location:
Long Beach
Premises Details:
Apartment Rentals - $3,150/month. EVR system upgraded last year.