How does the business operate on a daily basis?
Being offered for sale is prime property of 1, 4107 hectares with all its building improvements and a filling station pumping between 340 and 400,000 liters pm owned and managed by the seller,, the petroleum provider pays the owner and additional RAS accruals as he owns the land, a bottle store owned and managed by the seller and take away owned and managed by the seller. All 3 of these businesses are owned and operated by the seller and generate an income to the seller. Based on the information as was supplied by the seller the income from these 3 businesses and the rental income from the businesses who operate from the property have been utilized in compiling this mandated report. All the rental income from the businesses operating on the property, the prime property itself with the improvements and 3 businesses owned by the seller (filling station, bottle store, take away) are included in the sale price. Despite the owner owning and operating the 3 businesses himself these 3 businesses operated by the seller pay rentals to the holding company along with the other tenants.
How are the clients attracted to the business?
The business has absolute prime location on entering one of the main touristic routes in Mpumalanga and enjoys encompassing visibility when entering the main town. There are sufficient pumps and points of sales to supply and service a substantial amount of vehicles all at once with petrol and diesel. The sign age is appealing to attract clients seeking petrol, diesel which will more than likely be required on the route on the traveler passing the station is heading. The four courts surrounding the pumps have shops offering food, alcohol and vehicle services. The complex is well defined in terms of location and provision for travelers. The businesses location enjoys entrance into the main town from 2 sides .
What competition exists?
There are 2 other competitive petrol providers operating within the same close geographical area as the business, however they do not enjoy the same visible prime location as that of which the business has . The business also is the only one in the area with 10pp diesel.
Is the property being let by a letting agency?
No, the seller himself manages his own tenants. The seller owns and manages the filling station, the bottle store and the take away. The other shops and business on the property pay monthly rental to the seller. The ATM also pays monthly rental to the seller.