Fully describe the business's activities?
The retail of all lines of petrol, diesel and oil.Convenience retail Outlet, Steers and Car Wash facility By far the busiest fuel station in the suburb.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Open 24/7. Owner has 5 managers and comes in morning to peruse sales reports, stock control procedures, orders etc. Steers and convenience managed by own managers.
How are the clients attracted to the business?
By word of mouth, franchise advertising, exellent convenience shop, visable signage.
What Advertising/Marketing is carried out?
Advertising via the oil Franchise. Local brochures and leaflets.
Does the business have any contract work?
No contract work but on direct root to huge industrial area.
What competition exists?
Very limited competition from other fuel stations.
What are the seasonal trends?
Consistant sales through out the year.
What is the monthly litres?
Approximately 306 000 lt per month.
Is the business VAT Registered?
What VAT documentation is on file?
Bi-monthly returns as requested by SARS
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
All year-end financial statements are available.
What percentage of the business is cash/credit?
All Sales is cash except for few businesses on account but deposits upfront.
How could the profitability of the business be improved?
By greater community involvement.
Is Seller finance available and for what amount?
What is the ROI?
29% return on Investment.
What is the total staff complement?
The total staff compliment is approximately 30 employees ranging from fuel jockeys, general assistants, bakers, chefs and managers.
Give a breakdown of staff/ functions/ length of service?
TO BE ADVISED.
Do any receive special perks or incentives?
TO BE ADVISED.
Are they on contract?
All staff are on contract.
Do any have management potential?
The Managers all have excellent managerial skills.
How involved is the Owner in running the business?
Business is very much manager run. Owner makes 10 % time contribution.
When does the current lease end?
The current contract is to be renewed in July 2017.
Is there an option of renewal & what period?
The franchisor will issue a new contract to a new owner.
What is the annual escalation %?
As per the contract with the oil franchise.
What are the trading hours?
Is a copy of the lease available?
Do you require a licence?
A site licence from the local authorities and retail licence from Department of energy required.
What lease deposit and/or other surety is required?
The oil franchise will require a fuel delivery deposit/guarentee.
Are any items not included in the sale?
All items on the list is included in the sale.
What is their overall condition?
Do any require repairing?
No repairs required.
How have they been valued ?
At a realistic replacement value.
Which assets are on lease/HP and with whom?
all assets and equipment (except listed below) belong to oil franchise. a) digital drop safe b)photostat machine
Will Seller settle or Buyer to take over?
Minor assets and equipment under rental or HP. Eg Digital safe on rental from Bank, photocopy machine on lease/maintenance contract from supplier.
Are copies of agreements available?
Are they presently insured?
Is a full asset list on file?
Established, profitable and well situated.
Competitive business and hands on management required.
Great opportunity to enter retail sector via an established and profitable business.
No current threat to the business, but must comply with minimum standards as require by Dept. of Minerals and Energy, local authorities and the oil franchise.
What is the reason for the sale?
Owner wishing to retire.
Why is this a good business?
Well established brand, profitable outlet, well situated and excellent support from franchise.
What is the price plus stock and the net profit?
The price is R 9 500 000, dry stock on average R 400 000. Fuel is on consignment from oil company. Net Profit ( EBITDA) is calculated at R 302 000 per month.
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