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Fuel Distributor and Wholesaler For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW

This fuel distributor for a well-known oil company in a rural area with mining and farming activities since 1980 just becameFuel Distributor For Sale available. If you want a country lifestyle with city income you have found it. Distribute Petrol, Diesel, Paraffin and lubricants to end-users and filling stations alike. The Wholesaler has room for improvement on margin and growth prospects as well. Seller has an opportunity to pursue an opportunity overseas. Businesses like this seldom comes on the open market, don’t miss out.


Fitment Centre For SaleSELLING DETAILS

Selling Price

9,000,000

Turnover pm

14,741,919

Stock

500,000

Profit pm

206,349

Total Asking Price

9,500,000

Net Assets Incl.

2,500,000





Pretoria Business For Sale



MANDATE REPORT

1. History Background

Fully describe the business's activities

This is fuel distributor that stores a small amount of fuel on site, limiting significant stock to be carried but supplies directly in most cases from supplier depots to the end user.  The service under contract the smaller service stations of a well know oil company on a distribution contract.  So Retail are one leg.  With the large volume of agriculture in the area that forms another leg.  Then with a strong mining sector they have a third leg to supply.  They have 3 tanks on site above ground, 1 x 23,000 litre Diesel (500ppm) and 1 x 4500 litre Diesel (50ppm) tank.  They normally stock about 10,000 litre diesel on site since they follow a just in time business model.  No petrol are kept on site.  They carry about R450,000 in oil.

How long has the business been established?

Since 1980

How long has the owner had the business?

Owned by the family for two generations since inception

What steps are in place to solve "load shedding" problems

2. Present Market

How does the business operate on  a daily basis

Owner operated in a control and overseeing capacity.  Orders placed by clients are ordered from the suppliers, client invoiced and on payment delivered to the end customer.

How are the clients attracted to the business

Word of mouth, telesales to various clients and some advertising.  Some clients have contracts in place.

What Advertising/Marketing is carried out

Telesales and advertising.

Does the business have any contract work

Some clients have contracts in place. Will be discussed with approved buyers

What competition exists

Normal competition.

What are the seasonal trends

Mining and Retail is rather fixed, agriculture is more seasonal

3. Financial

Is the business VAT Registered

Yes

What VAT documentation is on file?

All current.

Are there up to date management accounts?

Yes, Pastel is curent

What audited financials are available, income statement and or balance sheets?

Feb 2013.

What percentage of the business is cash/credit?

5% on accounts, 95% Cash (EFT)

What is the age analysis of the debtor’s book?

30 days

How could the profitability of the business be improved?

More volumes, and better margin due to the very large turnover will be significant to the bottom line.

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

16 Staff members and the Owner.

Staff Breakdown and length of service

A break down is available to approved buyers

Do any receive special perks, bonuses or incentives?

Yes, drivers do get

Are they on contract?

Yes

Do any have management potential?

Yes.

How involved  is the Owner in running the business

Owner operated currently.

5. Premises

When does the current lease end?

September 2017, been a long term arrangement and renewal won’t be a problem.

Is there an option of renewal & what period

Yes, 5 years or more

What is the annual escalation %?

5%

What are the trading hours?

Mon – Fri 07:00-17:00

Sat 07:00 – 11:00

Sun Closed

What is the square meterage of the business?

Is a copy of the lease available?

Yes

Do you require a licence?

Yes from the DME, also a supply agreement from the Oil Company.

6. Assets

Is a full asset list on file?

Yes owner to provide

Are any items not included in the sale?

No.

What is their overall condition?

Good.

Do any require repairing?

No

How have they been valued?

Replacement

Which assets are on lease/HP and with whom?

Some trucks and equipment that will be settled by the seller

What are their settlement amounts?

N/A

Will Seller settle or Buyer to take over?

N/A

Are copies of agreements available?

N/A

Are they presently insured?

Yes

7. S.W.O.T. Analysis

Strengths

Good service, well established, and supplier in the area for a major oil company.

Weaknesses

Might be spread a bit thin without backup fuel on site

Opportunities

The supply agreement of the oil company and the distribution on their behalf opens more doors.  Various clients still to supply in the area.

Threats

None perceived

8. Reason For Sale

What is the reason for the sale?

Owner Emigrating.

9. Conclusion

Why is this a good business to buy?

Well established business that has been around for 33 years with constant growth and a good reputation.  With a strong hand and some financial muscle it will grow faster and increase profits.




 

Fuel Distributor For Sale,Fuel Business For Sale,Fuel Wholesaler Business For Sale

R130901
 


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