Mobil gas & mart. Orange County. $650,000. Adjusted net $154,000.
Must Have Fuel Station Ownership or Work Experience - Preferably Circle-K / Mobil Experience - To Buy This Station.
Circle K ground lease expires 2047, including 2 5-year options. Dealer lease to Circle K: $14,777/month rent + $697 Property Tax = Total: $15,474 monthly to Circle K. Dealer 3-year lease with Circle K to 10/31/2020. Renews every 3 years per Fed. PMPA (Petroleum Marketing Practices Act). Seller has operated continually under this arrangement since 1989.
Approximately 20,650 sq. ft. lot. Small market. Off-sale beer & wine license. Has propane. Has lotto/lottery.
Potential for car wash, add diesel, build larger market.
125,000 gal/mo. @ 35 cents gallon. $24,000 mart @ 14% GP. Plus lotto, ATM, & propane income $1,450/month. Monthly GP $48,050. Monthly net cash flow about $12,800.
3 dbl-wall ust's with 32K gal capacity. 3 islands. 10 MPD's. Electronic monitoring. Clean site. Circle K owns & is responsible for maintenance of underground UST's & fuel system. Dealer owns & is responsible for replacement & maintenance of hoses & nozzles.
Open 24/7. Monthly payroll & tax approximately $8,000. 8 part-time employees.
Investment needs include approximately $325,000 cash injection plus qualification as Mobil dealer, via Circle K, & conventional loan for $420,000, 6% vir, 10 year amortization, monthly payment $4,663. Includes $650,000 price, approximately $50,000 resale fuel & market inventories @ cost, $25,000 working capital, $20,000 transaction & lender costs. SBA financing not available.
Buyer must have real estate equity in buyer's real properties sufficient to secure the $420,000 loan. Mobil station site real property--land & improvements--can not be security for buyer's loan.
For further information & NDA, email broker. Include full name, business or residence physical address, phone & e-mail; and amount of available cash w/o contingency for down payment.