Modern Franchised Service Station Business in the Upper Highway Area. MIN. 51% B.E.E. REQUIREMENT
Please be informed that we presently only cover K.Z.N 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 is R 18.5 mil. The TOTAL funding requirement needed to acquire this business is +- R 24.158 mil of which the purchaser MUST HAVE AT LEAST R 12 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 12.158 mil.
This modern Franchised Service Station Business is situated in the Upper Highway area and pumps +- 375.000 lpm. The Franchised Shop T/O is +-R540.000 pm, and the Business Nets +- R 390.000 pm. The Owner will Grant you a 10 Year Lease. The TOTAL Funding Requirement needed to acquire this Business is +- R 18.5 million of which YOU MUST HAVE AT LEAST R12 mil CASH ON HAND and be able TO RAISE FINANCE for the BALANCE of +- R12.158 mil. PLEASE NOTE THE FOLLOWING. 1. The Lease period 10 years, renewal at the Oil Companies discretion. 2. If you intend borrowing money from a Financial Institution, then you MUST FIRST provide us with Written Confirmation from the Financial Institution that they will approve your Loan Requirement IN FULL. 3. NO Details, information or correspondence will be entertained or responded to by us or the Seller unless YOU MEET the above Financial Criteria, which the Oil Company may also insist on compliance. 4. A Minimum of 51% B.E.E. Participation is Required.
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.
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