BP Gas Station, C-Store & 3-Bay Repair Shop, Queens–Nassau Border

About this opportunity

A BP commission gas station with a convenience store and a 3-bay repair shop on a large lot, in a very high-traffic corridor on the border of Queens and Nassau County. It is the kind of site the industry calls a trophy location.

BP pays a commission of 11 cents a gallon, and also pays all credit card fees, insurance, inspections, and maintenance and repairs for the tanks and pumps. As a commission site with a major brand behind it, you do not set fuel prices or carry fuel price risk, so you can focus on the store, the repair shop and other income.

The station averages about 130,000 gallons a month. Store sales are about $25,000 to $30,000 a month, lotto sales about $50,000 or more a month, and repair shop sales about $45,000 to $50,000 or more a month. Other income: self car wash posts about $2,000 a month net, parking about $1,500 a month, and ATM, vacuum and air about $650 a month. The owner is absentee, and the broker can explain simple changes that could raise store, lotto and parking income (for example, U-Haul contracts).

Rent is $17,000 a month and already includes real estate taxes. It is a standard BP 5-year lease with renewals every 5 years, and a standard $40,000 refundable BP gas deposit. The tanks are state-of-the-art double-walled fiberglass with state-of-the-art pumps, which BP maintains. BP does not object to expanding the c-store, adding vending such as food trucks, or other reasonable changes. Brokers are welcome.

Highlights

• BP commission of 11 cents/gal, about 130,000 gal/mo
• BP pays card fees, insurance, inspections and tank/pump maintenance
• Rent $17,000/mo including real estate taxes
• Repair shop sales about $45,000–$50,000+/mo
• Store sales about $25,000–$30,000/mo, lotto about $50,000+/mo
• Car wash, parking and ATM/vacuum/air income
• Large lot in a high-traffic corridor
• Absentee owner: room to grow

Financial details

Asking price

$499,000

Real estate

Business only

Fuel volume

130,000 gal/mo

Fuel brand

BP

Monthly rent

$17,000

Lease

Standard BP 5-year lease, renewals every 5 years

Lot size

Large lot

Commission

11 cents/gal; BP also pays all credit card fees

Paid by BP

Insurance, inspections, and tank and pump maintenance and repairs

Rent includes

Real estate taxes

Store sales

About $25,000–$30,000/mo

Lotto sales

About $50,000+/mo

Repair shop sales

About $45,000–$50,000+/mo (3 bays)

Self car wash posts

About $2,000/mo net

Parking

About $1,500/mo

ATM / vacuum / air

About $650/mo

BP gas deposit

$40,000, refundable

Tanks & pumps

Double-walled fiberglass tanks and state-of-the-art pumps; BP responsible

Figures are provided by the seller and have not been independently verified. Buyers should perform their own due diligence.