767 North Napan Road, MLS # NB015348, Out of Board Business For Sale

767 North Napan Road, Out of Board, New Brunswick, Canada, E1N4W7

$2,990,000.00

PROPERTY INFORMATION

Business Type:
Business
Property Type:
Business
Industrial Area:
0
Age:
1997
Financial Statement:
No
Freestanding:
No
Heating:
Baseboard heaters, Heat Pump

Remarks

City Limits Convenience Store and Gas Bar has been operating for approx. 32 years. The Gas product has just been changed to Shell Gas and the pumps are relatively new and owned by the vendor. The gas storage tanks are 15 years young approximately. The convenience store, bakery, and restaurant do a very healthy business. Business continues to grow year after year. There is also a seasonal Ice Cream Parlour (20x23) locate desperate form the main building. The volume of business is attributed to the fact that the business is located in the main hwy #11 and intersection (North Napan Rd) from Miramichi City and Moncton. The property has been very well maintained by the owners. There is a 2400 sq ft approx. residential apartment located upstairs in which the owners can choose to reside in or they can rent it out which is what the existing owner has been doing. The gas storage tanks are double walled fiberglass. There are 3 storage tanks, 35000 liters regular fuel, 25000 liters of supreme, and 25000 liters of diesel fuel. Due to the sensitive and confidential aspects of this very profitable business, financial information relating to this business will only be provided to those who provide a signed confidential form along with a letter of Credit form a financial institution stating that the individual has the resources in which to invest in the purchase of the business and property. The Cap Rate for this property is 12.91% (id:5706)

Brokered By: RE/MAX PROFESSIONALS SAINT JOHN INC. (S119)