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Great Independent Service Station In Newcastle.

$595,000

Newcastle, New South Wales

Great Independent Service Station In Newcastle.

Awesome opportunity to acquire independent service station in Newcastle. Be quick this wont stay long!

Currently under semi management.

Long lease till 2027 with option.

Monthly over 225,000 ltr of fuel sale. Reseller, currently averaging 15 cents/ltr (margin of 10cents to 30 cents/litre)

Monthly Shop sale of over $50,000.

Total rent is $10,280/month +GST.

Open 7 days a week from 5AM till 9AM, weekend 6AM till 7PM.

Over $3.8 million annual sales.

Full training provided and easy transition.

This is awesome opportunity with in Newcastle city fringe.

Till 2027, License is in place as “reseller”. Shop sale you can buy from anywhere, not necessary to buy from same brand.

Great opportunity for owner operator asking price is $595,000 plus SAV.

Revenue and expenses

Fuel sales = 225,000ltrs/month avg 15 cents= $33,750

Shop sales= $50,000/month 35%GP =$17500

Total income= $51,250/month – expenses =22,578, Net income before tax= $28672/Month, if owner operated with 50% involvement.

Cost to acquire:

Business: $595,000

Lease deposit: $Nil.

Stock at valuation: $60,000 + /- 15%

1 month rent in advance: $10,280+GST.

Any other associated fees.

Note: Monthly sales report is available, but No financials. Trial after exchange.

 

Please Contact:

Broker: Gilraj Venkatappa

Phone: 0401744199

Email: gilraj.venkatappa@linkbusiness.com.au

Listing Number: NSW09723

To complete an online confidentiality agreement, visit this business at: http://www.linkbusiness.com.au/NSW09723

The Purchaser to make his/her own investigations and inquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.
Ref: NSW09723
Timestamp: 20210122020045

Business Links / Tools

Last updated: 22nd January 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Newcastle
State
 New South Wales
Price
$595,000
Category
  • Service Station

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Contact

Gilraj Venkatappa