FILLING STATION & WELL KNOWN NAME CONVENIENCE SHOP WITH STEADY TURNOVER IN PRETORIA
Short Summary::
Filling station and well known convenience shop with steady turnover in prime business area of Pretoria. This is one of the biggest filling stations but the rent will have to be re-negotiated. This business offers an excellent return on investment. NB: ALL FIGUERS IN THIS WRITE UP ARE ASSUMED AS THE OWNER WILL ONLY DISCUSS FIGURES WITH QUILIFIED BUYERS.
Listed price
Amount::
13,000,000
Currency::
South African Rand (ZAR)
Down Payment
Amount::
13,000,000
Currency::
South African Rand (ZAR)
Total Annual Sales
Amount::
85,000,000
Currency::
South African Rand (ZAR)
Owner Cash Flow: Business Profits including Owners Drawings
Amount::
4,500,000
Currency::
South African Rand (ZAR)
Fixtures, Furniture & Equipment::
0
(included in price):
No
Real Estate::
0
(included in price):
No
Inventory::
0
(included in price):
No
Financing / Terms:
Cash sale.
Reason for sale:
All the owners want to follow their own future plans.
Training & Support:
Given by franchisor.
Business Description:
This is a prime site. Not only does the station pump between 750,000 to 950,000 litres but the convenient shop does over R2 million turnover per month. There is an issue with the landlord, in that the current lease contract expires in 2014, and he does not want to negotiate about it before then. But it can be expected that it will be re-negotiated.
Historical Summary:
This filling station has been running for around 20 years and has always been a good site.
Potential for Growth:
There is a natural growth in the area of around 8%, but there are huge developments in the area. Once they are completed there will be a jump in growth.
Special Requirements for New Owner (if applicable):
Must be 52% BEE. Must have 70% of total start-up funds in unencumbered funds. Must be approved by Petrol Co. with clean record. Must preferably have previous filling station experience.
Competition::
As usual for filling station, but not in the direct surrounding area.
Year Established:
1990
Year of Acquisition::
2001
Form of Ownership:
(PTY) Ltd
Absentee Owner:
No
Franchise Information:
As per Petrol Co.
Percent of Business Online:
0
Days & Hours of Operation:
24/7
Number of Part Time Employees:
n/a
Number of Full Time Employees:
n/a
City:
Pretoria
Province:
Gauteng
Relocatable:
No
Type of location:
Filling Station.
Square Footage:
n/a
Facilities / Location Description:
Contact broker for further info on square footage and lease details.
Monthly Rent & Escalation
Amount:
0
Lease Expiration:
n/a
Options on Lease:
n/a
Terms & Conditions:
Contact broker for more details on this filling station.
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