Service Station Business fpr Sale. Highway Area. (Owner Retiring). Min 51% B.E.E. Requirement
This long established Service Station Business is situated on a very busy road. However, due to major Road Works been undertaken on this road as well as the surrounding area over the last 2 x years, the Fuel Sales dropped from an average of 200.000lpm (prior to the commencement of the road works) to +- 145.000lpm during the period of the Road Works. The Main road is now open and the sites average monthly Sales have already increased to +- 160.000lpm and are expected to reach +- 250.000lpm next year once a New Franchised Shop has been installed ( which is expected to take place towards the end of this year) . The present small shop sales are +- R 90.000 pm. It is a SPECIFIC CONDITION that whoever purchases this Business MUST install a Franchised Shop at a Cost of +- R 1.2 mil. The present Nett Profit of the Business which includes 2 x large workshops (one of which is presently vacant) is +- R 78.000pm. The Selling Price is R 4.6 million and the TOTAL FUNDING REQUIREMENT NEEDED TO ACQUIRE THIS BUSINESS IS +- R 6.3 million of which upon MUST HAVE at least 3.8 million CAH ON HAND and be able to RAISE FINANCE for the BALANCE OF +- R 2.5 million. PLEASE NOTE THE FOLLOWING (1) a minimum of at least 51 % B.E.E. PARTICIPATION is necessary. (2) NO details, information or Documentation will be provided UNLESS YOU MEET the above CRITERIAS as required by the Oil Company.
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