Fully describe the business's activities?
This is a franchise filling station situated on the main road in town, near a Highway operating 24/7,with a convenience store and franchise liquor store included in the sale.
How long has the business been established?
The business was established in 1985.
How long has the owner had the business?
The owner has operated the business since 1991.
How does the business operate on a daily basis?
The business operates 24/7 with a manager present during office hours.
How are the clients attracted to the business?
The filling station is near the entrance of town, it is the first branded filling station when entering the town.It is well known in the local community as it was established in 1985.
What Advertising/Marketing is carried out?
No advertising or marketing is carried out at present.
Does the business have any contract work?
The business has no contract work at present.
What competition exists?
There are several other filling stations in town.
What are the seasonal trends?
December and school holiday periods tend to be busier.
What is the monthly litres?
The filling station sells approximately: Petrol: 100 000 l Diesel: 50 000 l per month
Is the business VAT Registered?
Yes,the business is Vat registered.
What VAT documentation is on file?
Vat 201 returns are available.
Are there up-to-date Management Accounts available?
Yes ,detailed management accounts are kept up to date by the accountant.
What Balance Sheet and Income Statements are available?
Balance sheets and Income statements are available for several years from the accountant.
How could the profitability of the business be improved?
The business owner is in negotiations with the Franchisor to improve the convenience store by selling Hot food. The liquor store can be improved by focusing more on wholesale to customers as currently most customers are walk in customers.
Is Seller finance available and for what amount?
The owner will be willing to negotiate the terms of the sale with the buyer.
What is the total staff complement?
The total staff consists of 20 employees, excluding temporary staff that are employed during holiday periods, mainly in the liquor store.
Give a breakdown of staff/ functions/ length of service?
The management team has been with the company for many years and are
Do any receive special perks or incentives?
No special perks or incentives are paid to staff.
Are they on contract?
Yes, all staff members have employment contracts.
Do any have management potential?
The business is curently managed by experienced staff
How involved is the Owner in running the business?
The owner is involved part time in the management of the business.
When does the current lease end?
The current owner of the business also owns the premises , he will enter into a lease agreement with the buyer for the amount of R35 000-00 per month for the Filling station,Liquor store and convenience store. The current owner of the business will be willing to sell the property for an additional amount of R 6 000 000-00.
Is there an option of renewal & what period?
The owner will negotiate the terms of the lease with the buyer.
What is the annual escalation %?
The owner has not stated the rate of escalation , but will be willing to negotiate this with the buyer.
What are the trading hours?
The business trades 24 hours per day, 7 days per week.
What is the square meters of the business?
The building cover an area of 1320 sqm The 2 stands on which the buildings are build cover an area of 3416 sqm
Do you require a licence?
All necessary licenses are in place to operate the business.
What lease deposit and/or other surety is required?
The landlord will negotiate with the buyer on the required deposit.
What are the main assets of the business?
a Complete asset list will be available. Office equipment , Shelving ,P.O.S. systems, a 85 kva generator are some of the assets included in the sale. If the buyer would like to purchase the buildings and underground assets , these will be listed in a separate asset list.
Are any items not included in the sale?
Some personal items will not be included in the sale, these will be clearly marked in the asset list.
What is their overall condition?
The filling station was fully upgraded 3 years ago, all pumps were replaced , new underground tanks were installed ( 115 000 l capacity) and all new underground pipes and electrical instalations. All other assets are in fair working condition.
Do any require repairing?
No assets require repairing at present.
How have they been valued ?
The assets will be valued if the purchaser requires this
Which assets are on lease/HP and with whom?
No outstanding lease or HP agreements on the assets.
The filling station has been established since 1985. It has a long history of consistent good profits. It is situated in a busy main road of town.
At the moment the convenience shop is not selling hot food . the owner is in the process of negotiations with the franchisor to remedy this.
If the buyer purchases the buildings, a workshop and retail shop (currently leased out) will be included in the sale. These premises can be used for future development , like a Franchise restaurant.
No threats are present, as it is highly unlikely that another filling station will open in the vicinity.
What is the reason for the sale?
The owner has other business interests that be would like to pursue.
Why is this a good business?
The business has been established for 32 years has made consistent proven good profits and is well managed by experienced and loyal management staff.
What is the price plus stock and the net profit?
R 11 000 000-00 (excluding vat, excluding stock, excluding buildings). R 17 000 000-00 (excluding vat, excluding stock, including building). Stock valued at approximately R 1 500 000-00 (liquor store, filling station and convenience shop).
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