Post FREE Ad

Service Station Business - J.L.R. 78 Highway area. Buyer must 51 % B.E.E Compliant.

R 3,500,000

a year ago5367 views
Ad Saved to My List
View and manage your saved ads in your account.
Add to My List
Report Ad
General Details
For Sale By:Dealer
This long established Service Station Business ONLY is for sale at +- R 3.5 million ( negotiable ) and does NOT include the Property The Business is situated on a very busy road. However, due to major Road works and obstructions having been undertaken on the road over the last 2 years, the Fuel Sales dropped from the previous average of +- 220.000 lpm to its current monthly average of +- 140.000 lpm. The Road is now open and the Fuel Sales are expected increase to +- 180.000 by the end of this year and to return to 250.000 lpm within the next 12 months once a NEW Franchised Shop has been introduced The present un-franchised Shop Sales are +- R 90.000pm. However, it is a SPECIFIC CONDITION, that who ever purchases the Business MUST install a FRANCHISED SHOP at a Cost of +- R 1.2 mil. The present Nett profit is +- R 67.000pm inclusive of Rentals from 2 x Workshop tenants. The Owner is selling to retire.The Selling Price is R 3.5 million and the Total FUNDING REQUIREMENT needed to acquire this Business and install the New Franchised shop is +- R 5.2 mil of which you MUST HAVE AT LEAST R 2.6 mil CASH ON HAND and be able to RAISE FINANCE for the balance of +- R 2.6. mil. A minimum of 51 % B.B.B.E.E. participation in the Business is required. PLEASE NOTE ;- NO Details, Information or Documentation will be provided unless you MEET this Financial Criteria as well as the 51 % minimum B.E.E requirement as will be required by the Oil Company, the Seller and MOST Financial Institutions.
Id Subtitle 218213696
View More
Gumtree UserMember since 2009
Email Verified
10 adsActive
62 adsPosted