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R6,500,000

Modern Site-Open to all Race Groups on Busy Road-Durban North Area

Before responding to this advert please be informed that neither Acutts nor the seller will entertain, respond or communicate further with you unless you comply with or exceed the requirements as indicated hereunder.

Funding Requirements-The Selling Price for the Business is R 6.5 mil. The TOTAL funding requirement needed to acquire the business is +- R 8.9 mil of which the purchaser MUST HAVE AT LEAST R 6.0 Mil un-encumbered CASH ON HAND to contribute towards the purchase of the business and be ABLE TO RAISE FINANCE for the BALANCE of + - R 2.9 mil.

This Site is situated on a very busy road in the Durban North Area. The Average Monthly sales over the last 3 years have been +- 190.000 lpm and +- R 6000.000 t/o in the Franchised Shop. The Net Profit has been +- R 175.000 pm. The Lease Period is 5 Years. However due to a suspected underground Fuel Leak, the Site has been partially closed at times whilst tests have been undertaken to locate the Leak. During this the period the average Fuel Sales have dropped to +- 160.000 lpm. Resulting in the Sites Net Profit dropping to its current average monthly amount of +- R 100.000 pm. The Leak has now been detected and the Oil Company are moving on site during February 2017 to replace the leaking tank. The Selling Price is R6.5 mil. The total funding required for this business is 8.9 mill of which you must have at least R6 mill CASH ON HAND and be able to raise finance of R2.9 mill. AS REQUIRED BY THE OIL COMPANY and the Seller. Therefore NO Details, Information or Documents will be released or provided UNLESS you meet this Financial Criteria. The Seller is basing his Selling Price on the assumption that by the time a Buyer takes over the Business it will be achieving its previous Sales results (BEFORE the disruptions) Therefore any Offer will need to be based on the Seller actually achieving the previous average monthly Sales AT THE TIME OF TAKE OVER.

Please note: As per our Confidentiality Clause we may not release exact location of the Site. Should you require any further information kindly complete our Confidentiality Agreement.

Features

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0
Zoning:
Commercial
Sizes
Floor Size
1m²

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Confidentiality Agreement408.9 KB

Durban North Area, Durban North

Small sophisticated suburb Durban North is an established small suburb where the people are friendly, and the surroundings are beautiful. It is a family-oriented area with many activities available. Situated between Durban central and Umhlanga, all amenities and schools are located only minutes away. The area boasts spectacular sea and city views. Although it is centrally and conveniently located, living in...
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Disclaimer: While every effort will be made to ensure that the information contained within the Acutts Estate Agents website is accurate and up to date, Acutts Estate Agents makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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