RE Taxes: ±$54,657 per year (2020) as of Property Shark
BBRE (Bill Blau Real Estate) has been retained to arrange for the sale of the property and business at 710 Merrick Road, a corner Gulf gas station and convenience store on a prime well-traveled road at a lighted intersection situated at the corner of Merrick Road (a major thoroughfare on LI) and Horton Avenue in Lynbrook which was upgraded several years ago, including new pumps. Pumps are EMV compliance. Station is open 24 hours per day / 7 days per week.
The subject business does approximately 130,000 gallons per month at a 30 to 40 cpg margin. Convenience store does approximately $70,000 per month at a 32% margin. Lottery does approximately $120,000 per month at a 6% margin. Currently being operated by an absentee owner, there is the potential to increase sales with an owner operator
Station being sold with no supply contract (Open Supply), brand it any brand and free of tenant.
Interested in this Property
In order to see full financials and the address you must first complete the Online Confidentiality Agreement. Once we receive your completed form we will then email you the complete listings.
Please tour discretely as a customer, as all employees do not know station is for sale. Do not attempt to discuss this listing with the owner or any employees without prior approval from us. Seller requires financial statement with offer. All information has been provided by the seller and needs to be re-verified by the buyer. Bill Blau Real Estate & Bill Blau Business Broker, Inc. makes no representation to its accuracy and does not certify or make any warranties of any of the information provided and have not verified any information. It is strongly advise that you and/or your accountant review all information and do all due diligence before the closing. Information is subject to change without notice.
# 20024 – Property/Business for Sale – Nassau County
Price - $2,650,000
Location - Nassau, NY
Offering: Repair Shop & Used Car Lot including Property & Business
Property Address: 1386 Wantagh Avenue, Wantagh, NY 11793 (Nassau/Town of Hempstead...
In connection with the proposed acquisition by the undersigned (“Buyer”) of any listings requested from Broker, Bill Blau Real Estate Group (“BBRE”), all proprietary information, including financial condition, operations and prospects of said Business(es)/Property(ies) will be furnished to Buyer from BBRE. In consideration of obtaining said proprietary information, Buyer agrees:
That all the proprietary information furnished by BBRE is to be confidential. Seller agrees to receive via email confidential information about Business(es)/Property(ies) from BBRE. Seller desires to maintain the confidentiality of the information of their company, financials and other non-public information and does not want their competitors, employees, customers and others to know their Business(es)/Property(ies) are for sale.
To conduct all further inquiries in connection with any Business(es)/Property(ies) received via emails exclusively through BBRE. Buyer further acknowledges that BBRE is first in providing such information to Buyer. If Buyer has received same information from another broker/brokerage agency, Buyer will notify BBRE via email ASAP. Buyer agrees not to attempt to speak to any employees or owners of any Business(es)/Property(ies) referred to by BBRE without prior approval from BBRE.
Buyer will not conclude or close any transaction or take title or possession of the Business(es)/Property(ies) until BBRE has received a fully executed Purchase and Sale Agreement. It is further agreed that should Buyer enter into a Purchase and Sale Agreement directly or indirectly with the Seller without BBRE’s written authorization, Buyer and Seller, jointly and severally, agree to pay BBRE’s full commission. Buyer agrees to notify BBRE at least two (2) weeks in advance of when and where the Closing will take place.
That unless all parties involved in the proposed acquisition agree in writing, Buyer is not to disclose or reveal any proprietary information for five (5) years from the date to any person(s) and/or entity(ies) other than Buyer’s employees and/or representatives who are directly participating in the evaluation of this information for any purpose other than in connection with proposed acquisition.
That if Buyer decides not to pursue the proposed acquisition, Buyer will advise BBRE and return any and all proprietary information furnished to Buyer by BBRE without keeping any copies of said proprietary information.
That although Buyer understands that BBRE has included in said proprietary information certain information which BBRE considers to be relevant for the purpose of Buyer’s investigation, BBRE does not make any representations and/or warranties as to its accuracy or completeness. Buyer understands that they must do all due diligence needed to verify the accuracy of the information provided to BBRE by Seller before closing.
BBRE represents the Seller, and Buyer agrees and understands that a breach of any of the above-mentioned items may cause Seller to cancel their listing with BBRE. In the event of such occurrence, Buyer will be responsible to pay the full commission that Seller agreed to pay BBRE.
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