Service stations - Garden Route
About this business for saleService stations - Garden Route
This service station is located in the Karoo and was first established in 1960. It is located on the national road and in a prime position. The service station has a convenience shop as well as a 64 seat restaurant which is not part of a national franchise chain. This business is part of a major national oil company franchise with the benefit of support systems and controls being in place from marketing to computer systems and training of new staff.
All equipment is in a good condition and the business creates a very good first impression. The business is owner operated. Daily operations are typically of what one would expect from a service station. The restaurant is not part of a franchise group and is privately owned, offering breakfasts, burgers & light meals - it might be beneficial to the buyer to change this to be part of a national franchise restaurant group that is associated with this specific oil company nationally. In season the restaurant is also open 24 hours. Off season it is trading till 20:00. The convenience store is not part of a national franchise and is privately owned. No Car wash & workshop space is currently utilized as storage space.
All figures can be verified and justified though proper documentation. The average litres pump per month for this station is as follow: petrol 173 371, diesel 80 014 litres per month. The buyer will have to be approved by the oil company. A joining fee will be payable (which is included in the total cash requirement below).
The buyer will need the asking price as indicated (R3,580,000 including stock) in cash plus additional working capital of R630,000 in cash (break up of this amount will be disclosed with serious buyers). Only serious buyers with the total cash requirement of R3,760,000 need to contact the mandating broker. The fuel company will require the buyer to have at least 65% of the purchase price in own capital.
Important note: The buyer does not need to be BEE certified.
If you meet the cash requirements for this business and you are looking for a good business opportunity in the service station industry, please contact the broker for more detailed information. All interested parties will be required to fill in a buyers profile and non disclosure documentation.
+27 83 226 9017
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.