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Branded Service Station. Head Lease Under Management.

$490,000 + SAV

Hunter Region, New South Wales

Branded Service Station. Head Lease Under Management.

Offers over $490,000+SAV

Great opportunity to acquire this independent branded service station at lower Maitland area, 1 and half hour drive from Sydney. Massive service station with lots of potential!
• Currently fully under management
• Head Lease: $21,670 +GST/month for 6 years plus 3 x5 years options
• Monthly over 100,000 litres of fuel sale. Reseller, with minimum of average of 20 to 25 cents margin on fuel, Previous to covid this store was doing over 130,000 litres to 150,000 litres per month.
• Monthly Shop sale of over $45,000/PM with over 40% GP
• Cigarette sales over $180,0000/PM with GP of 10% to 12% GP
• Open 7 days a week 24hours, it is up to new owners to continue to run for 24 hours or reduce to 17 hours a day as not much business in the night time.
• Full training to be provided for easy transition.
• Great opportunity for owner operator offers over $490,000 plus SAV can be submitted for vendors approval.

Features
• Petrol station
• Tobacconist (CTC) separate shop, entry from inside
• Gas bottles with cage
• Trailer service, ATM service
• Hot food with full kitchen. Mini super market. Big shop area, huge service station
• Corner store on main city area

Revenue and expenses
• Fuel sales = 100,000ltrs/month avg 20 cents= $20,000
• Shop and cigarette sales Margin = 40,000/month
• Total income= $60,000/month – expenses =$42,000=Net income before tax= $18,000/Month before tax under management

Cost to acquire
• Business: $490,000
• Lease deposit/bond: $65,000
• Stock at valuation: $200,000 + /- 15%
• One month rent: $21,670+GST
• Legal fees; at actuals

Potential
• Add Lotto already has approval, currently scratch cards available.
• Add car wash and mechanic shop  subject STCA, as massive land is at your disposal.

Note: All sales report can be provided after the written offer from prospective buyer.

Subject to Landlords approval.

Please Contact:

Broker: Gilraj VenkatappaPhone: 0401744199
Email: gilraj.venkatappa@linkbusiness.com.au

Listing Number: NSW09984

To complete an online confidentiality agreement, visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW9984

THE PROSPECTIVE BUYER IS REQUIRED TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS PRESENTED AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE WITHIN THIS ADVERTISEMENT, BY THE VENDOR OR BY ANYONE ON THE VENDOR'S BEHALF.
Ref: NSW09984
Timestamp: 20210922080126

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Last updated: 22nd September 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Hunter
State
 New South Wales
Price
$490,000 + SAV
Category
  • Service Station

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Agency

Contact

Gilraj Venkatappa