petrol station for sale,filling station for sale
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Revamped Filling Station On Busy Road
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Business For Sale

BUSINESS FOR SALE OVERVIEW

Solid well established filling station with convenience store on main road with both residential and business customersFilling Station For Sale in the East Rand area. Station has been revamped in the last three years and has the latest pumps and convenience store. This station pumps on average 260,000 litres per month.

THE SELLER WANTS PROOF OF FUNDS BEFORE WE CAN INTRODUCE YOU



Fitment Centre For SaleSELLING DETAILS

Selling Price

5,600,000

Turnover pm

3,931,550

Stock

400,000

Profit pm

192,830

Total Asking Price

6,000,000

Nett Assets Incl

50,000





Pretoria Business For Sale


MANDATE REPORT

1. History Background

Fully describe the business's activities

Filling Station with convenience store revamped in the last couple of years. There is a car wash that is independent.

This station pumps 265,000 litres on average with 22 nozzles supplying ULP 93, ULP 95, LRP and Diesel and has been upgraded to the latest pumps. Total tank capacity 115,000 litres.

There is a Convenience store as well as some rental tenants contributing to the income mix.

Turnovers

Shop            R200,000

Airtime         R200,000

Rental          R  18,300

How long has the business been established?

60 Years

How long has the owner had the business?

5 Years since 2008

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

None

2. Present Market

How does the business operate on  a daily basis

Owner run

How are the clients attracted to the business

Social responsibility as in sponsoring the local soccer, etc.

What Advertising/Marketing is carried out

None

Does the business have any contract work

One client of around R40,000

What competition exists

The normal for these type of businesses

What are the seasonal trends

Business is very steady apart from the Easter weekend and December which are quite quiet.

3. Financial

Is the business VAT Registered

Yes

What VAT documentation is on file?

All Vat returns are with seller

Are there up to date management accounts?

Yes

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

2013 and earlier

What percentage of the business is cash/credit?

100% Cash

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

Only one of R40,000 else there are no accounts.

How could the profitability of the business be improved?

Make sure they tanks are kept full to prevent dry tanks.

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

20

Staff Breakdown and length of service

4 Cashiers, 1 Merchandiser, 1 x Manager, and the balance are Forecourt. The manager will need to be replaced.

The staff of 18 excluding the manager and merchandiser are split into two teams of 9 guys, 7 forecourt and 2 cashiers, they then work one week on, one week off to do 96 hours in a two week cycle. During their on week they work 12 hour shifts. They used a labour broker to properly document the system and it passes labour inspection. Staff also prefer the system. This also makes the wages very straight forward.

Do any receive special perks, bonuses or incentives?

Sunday lunch

Are they on contract?

Yes, the business makes use of the services of a labour broker.

Do any have management potential?

Yes, with training the cashiers.

How involved  is the Owner in running the business

100%

5. Premises

When does the current lease end?

2015

Is there an option of renewal & what period

Yes, renewal for 5 years

What is the annual escalation %?

Determined by the franchisor based on the volumes sold.

What are the trading hours?

24 x 7

What is the square meterage of the business?

Office 47.25m²

Rest of the site ?

Is a copy of the lease available?

Yes

Do you require a licence?

DME and Retail

6. Assets

Is a full asset list on file?

Seller will prepare

Are any items not included in the sale?

Anything not part of the sale will be pointed out by the seller to potential buyers.

What is their overall condition?

Good condition

Do any require repairing?

On-going repairs are performed.

How have they been valued?

Owner Valuation

Which assets are on lease/HP and with whom?

N / A

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

The location of the station with respect to the main road and sandwiched between business and residential areas, then having a local taxi rank.

Weaknesses

No Generator

Unreliability of the depot

Opportunities

Hold more fuel in stock

Offer accounts to surrounding business

Threats

None identified

8. Reason For Sale

What is the reason for the sale?

Seller is tired and looking for a change.

9. Conclusion

Why is this a good business to buy?

This is a solid station with good volumes, convenience store and extra rental income.




 

Filling Station For Sale,Petrol Station For Sale,Garage For Sale

Reference - R131005
 


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