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

R 3,500,000

a year ago5367 views
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General Details
For Sale By:Dealer
Description
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
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