Filling Station On Busy Road In Pretoria For Sale,Filling Station For Sale,Petrol Station For Sale,Garage For Sale,Service Station For Sale
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Filling Station On Busy Road In Pretoria For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW

Petrol Station For SaleSolid well established filling station with convenience store on a busy road with both residential and business customers on a very busy road and close to two malls the Pretoria area.  The station has been revamped in the last three years and has the latest pumps and convenience store. BEE is not a mandatory requirement in this case.  Cash only buyers need to apply (no financing) or someone with fully paid property to swop will be considered.



Fitment Centre For SaleSELLING DETAILS

Selling Price

1,200,000

Turnover pm

1,366,409

Stock

100,000

Profit pm

65,602

Total Asking Price

1,300,000

Net Assets Included

100,000






MANDATE REPORT

1. History Background

Fully describe the business's activities

This filling station with a car wash and convenience store is located in a very busy road in Pretoria.  This station pumps about 100,000 litres on average with 20 nozzles supplying ULP93, ULP 95, LRP and Diesel and has been upgraded to the latest pumps.  There is a Convenience store as well as car wash.  The Income mix is well balanced.  Turnovers in the Shop is R210,000 while airtime forms a very small part of that.  Rental includes the city council fees. At new municipal meter were installed now and the owner foresees a lower city council bill.  This station is not one of the traditional brands that increase revenue by R0.50 cent per litre to you the operator.  With a hands on operator and the position of the station you should be able to grow it substantially.


How long has the business been established?

A few years but in current format since 2012

How long has the owner had the business?

Since 2012

2. Present Market

How does the business operate on  a daily basis

Clients enjoy the buzzing atmosphere, quality food, dishes variety and flavours. Service levels are excellent. The business caters for private functions, business meetings, tea parties and birthdays.

How are the clients attracted to the business

This station is located on a very busy road with lots of businesses in the area.

What Advertising/Marketing is carried out

None by the owner, but do the brand advertise on national Television.

Does the business have any contract work

No, this is a cash operated business

What competition exists

The normal for these type of businesses

What are the seasonal trends

The same throughout the year.

3. Financial

Is the business VAT Registered

Yes

What VAT documentation is on file?

Yes

Are there up to date management accounts?

Management statements until Nov 2014

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

The owner will make it available for serious buyers.

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

A cash business. No debtor’s book.

How could the profitability of the business be improved?

More aggressive marketing, hands-on focus, service levels

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

Total staff=10

Staff Breakdown and length of service

2 Cashiers,  The rest are in the forecourt

Do any receive special perks, bonuses or incentives?

No

Are they on contract?

Yes

Do any have management potential?

No. A new manager have to be appointed

How involved  is the Owner in running the business

The owner and his son manage the business but both part time only

5. Premises

When does the current lease end?

The current lease will expire in 2017 with Option of renewal

Is there an option of renewal & what period

Yes.

What is the annual escalation %?

5%

What are the trading hours?

24 hour service station

What is the square meterage of the business?

+/-100 Sqm Shop.


Is a copy of the lease available?

Yes

Do you require a licence?

DME License

6. Assets

Is a full asset list on file?

Yes

Are any items not included in the sale?

Yes, All assets are included in sale. 

What is their overall condition?

Good

Do any require repairing?

Ongoing repairs and maintenance

How have they been valued?

Replacement value, valued by the owner

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 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.

Weaknesses

With more hands on management approach this business will really grow

Opportunities

This station can be more profitable with a hands on operator

Threats

None perceived

8. Reason For Sale

What is the reason for the sale?

Owner diversifying and requires time to focus on new ventures. He also has a competing branded station. The brand holder agreement does not allow the owner to have another competing brand.

9. Conclusion

Why is this a good business to buy?

This business shows good profits. It is located in a very busy location. With good hands on management this will grow





 

Filling Station On Busy Road In Pretoria For Sale,Filling Station For Sale,Petrol Station For Sale,Garage For Sale,Service Station For Sale





Reference - R141117
 


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