Major Iconic Brand/24X7/ High Cash Surplus
Prime Bay of Plenty location/Major investment opportunity with high returns/Fully managed by staff.
1. Fuel Sales: 3.78m litres in FY 2019 with very good margins.
2. Shop Sales: $1.79m (excl. GST) in FY 2019 with high gross margins. Other major revenue: LPG, Car Wash and trailer hire/sundry revenue of over $500k in FY 2019 with high gross margins.
3. Fully managed by staff but offering the opportunity for an owner/operator with trained staff.
4. Secure lease with high profile subtenant and Fuel Supply Agreement in place.
5. Assets include double skin fibreglass tanks, near new pumps/dispensers, all shop fittings, counters and food cabinets, storage area with racking, fog cannons, security shutters, POS & IT systems, CCTV.
6. Car wash, trailer hire, coffee/food-to-go and LPG bulk sales as other income sources which add further stability.
7. Lotto franchise in place to be taken over by the incoming retailer (subject to approval by the Lotteries Commission of NZ).
8. The vendor's current forecast for the year ended 31 March 2020 and forward budgets will be provided in good faith based on completed Management Accounts to prospective purchasers approved by the vendors.
Once in a Lifetime opportunity to own a service station of this magnitude and strength.
Shaun Khanna - 029 770 9767.
Price: $1,350,000 plus estimated stock $150,000
Please note: the agent for this business will, upon receipt of the signed Electronic Confidentiality Agreement email ABC's Purchaser's financial position form to the interested party to be completed and subsequently approved by the Vendor. Upon approval, any interested party must agree to confidentiality conditions before the agent provides any further information about this business. The Vendor reserves the absolute right to the release of any information relating to the business.
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