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Independent Service Station, Post, News, Supermarket

$659,000 plus SAV

NSW North Coast Region, New South Wales

Independent Service Station, Post, News, Supermarket

One Stop Service Station with Post, News, Supermarket. Freehold Option Available!

Golden Opportunity to buy this one stop store with Petrol station, Post shop, News agency, cafe and mini supermarket on highway of mid north west NSW.
• 5hour drive from Sydney or Brisbane
• Semi Managed - Current owner works part time 20 hour per week

Features
• Petrol station
• News agency
• Post shop
• P.O. Boxes
• Cafe with sitting area
• Hot food with full kitchen
• Small supermarket
• Solar panels on roof
• Corner store on High way with ample exposure
• Combined Option= $3,359,000 Plus stock
• Brand new lease offered to suitable buyer for 10years+5+5 Options for extensions. Starting lease is $15,500/month +GST and outgoings
• Full Training provided for easy transition (You need to apply for Australia post and undergo full training of 2 weeks to become operator of Post shop)

Revenue
• Fuel Sales $130K ltrs or more per month with average12 cents margin = $15,600/Month.
• Shop sales with News agency $90K or more with GP of 36% = $32400/Month.
• Post shop commission = $9K or more /Month (post shop sales are extra not added here)
• Total Income before expenses = $57K/Month.
• Expenses= $33K/month approximately.
• Net Income before tax= $24K/month. Or yearly $288K/year.($486K along with freehold)
• Open 7 days, weekdays 6AM-8PM, potential to extend hours. Weekends less hours.
• Over $3,000,000 sales.
• Weekly net profit for owner before tax =$5,500 plus. ($9300/week along with freehold).

Potential
• Lotto approved this site as no lotto in this area
• As the property is huge, easily add big super market like IGA or Food works (STCA)
• Carwash (STCA) is good option as it is on Highway.
• Liquor store (STCA)
• Increase the hours of operation as this is corner store with 2 Highways adjoining.

Cost to Acquire Business
• $659,000 Business
• $46,500 Rental Bond (3 months)
• $15,500+GST  1month rent.
• Stock: $120,000 + or – 15%

Freehold with business
• $3,359,000
• $120,000 + or – 15% Stock at valuation

Reason of selling: Vendor is planning to liquidate properties and businesses out of their portfolio.

Listing Number: NSW09910

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

To complete an online confidentiality agreement, visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09910

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES 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: NSW09910
Timestamp: 20210709030105

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Last updated: 9th July 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 NSW North Coast
State
 New South Wales
Price
$659,000 plus SAV
Category
  • Service Station

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Agency

Contact

Gilraj Venkatappa