Sold

Independent Service Station near Newcastle area For Sale - 1SELL Listing Number : 1AU067

SOLD

1SELL Listing Number: 1AU067

Independent Service Station with Huge Convenience Store & Lotto Store.

Asking price $1,250,000 + SAV.

Business Details:

  • Currently fully under management
  • Well Functioning 40 year old business
  • Brand new lease for long years
  • Monthly over 120,000 liters of fuel sale. Reseller, with average of over 15 cents margin on fuel.
  • Monthly Shop sale is over $200,000/PM to $230,000 with over 40% GP.
  • Daily coffee sales more than $1,000
  • Daily food sales over $1,500
  • Massive car park with separate open lounge for coffee.
  • Open 7 days a week 6AM to 6PM, it is up to new owners to continue same hours or operate 24 hours as this store is in Major area within small suburb.
  • Full training provided and easy transition.
  • Great opportunity for owner operator asking price $1,250,000 plus SAV.

Revenue and expenses:

  • Fuel sales = 120,000 litres/month avg 14 cents= $18,000
  • Shop sale = $230,000/month average 40% Margin = $94,500
  • Lotto Sale = $70,000/month with average commission = $7,000
  • Total gross Income= $119,500/month
  • Expenses =$90,618/month
  • Net income before tax= $34,000/Month before tax under management. (if owner operated $45,000/PM or yearly $540,000 before tax) this income is with less hours of operation. 

Cost to acquire:

  • Business: $1,250,000.
  • Stock at valuation: $130,000 + /- 15%.
  • Turnover: $7,000,000
  • Legal fees; at actuals.

Note: All sales report can be provided for serious buyer.

Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

Details

Suburb Maitland
Property Type Business
Category Automotive

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