Business Summary

Financials:

Inventory Included: No

Property Info:

Terms: Gross
Misc. Info: Property Included

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 om season and $5000-$7000 Winter months. The current Mobil Contract has just been renewed and Buyer can take advantage of any funds that were provided by this new contract renewal. The Seller will reimburse Buyer $100,000 from funds received from Mobil for renewing the contract which would bring the Selling Price to $1,600,000 plus 1 cent rebate up to 99.999 snd 2 cent to 179,999, 3 cent to 209,999 and 4 cent over 210,000 gallons. This is an excellent opportunity for an experienced operator.

Organization:

The business is organized as a C - Corporation. It was established 25 years ago and the current owner has been in place for 1 yrs. It employs full time employees and 6 part time employees. Licenses required for operation: Business.

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