Fully describe the business's activities?
The functioning of a normal fuel station and convenience. A 24/7 facility with the full selection of fuels and convenience as a normal fuel station. No car wash
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Shifts are worked out for cashier and fuel jockeys for a 24/7 facility. At peak times ( 7 to 8am and 5 to 6pm) the fuel station is manned by the correct quality and quantity staff to attend to customer needs.
How are the clients attracted to the business?
The fuel station is situated in the highest traffic area in Port Elizabeth , in the center of a dual carriage way. This fuel station is a well known brand and situated on probably the best spot in Port Elizabeth.
What Advertising/Marketing is carried out?
The franchise advertises from Formula one presence to TV advertisements, periodic specials and customer rewards systems.
Does the business have any contract work?
No contract work.
What competition exists?
Limited competitions from other fuel stations in the area.
What are the seasonal trends?
Consistent sales throughout the year with a slight spike over summer months and peak seasons like Xmas and Easter Week-ends.
What is the monthly litres?
The monthly litreage is approximately 305 000 per month.
What is the total staff complement?
21 Staff Members
Give a breakdown of staff/ functions/ length of service?
12 Forecourt Attendants 5 cashiers 2 bookkeepers 1 Manager 1 Cleaner
Do any receive special perks or incentives?
No special perks , but payed in accordance to Sectoral Determination Act.
Are they on contract?
All staff on Permanent contract
Do any have management potential?
The manager has excellent managerial skills.
How involved is the Owner in running the business?
30% involved in running the business
When does the current lease end?
The current Lease ends in June 2019 and it is customary for Shell to provider the new trader with a new contract.
What are the trading hours?
The Trading hours is 24/7
What is the square meters of the business?
Estimated at 700m2
Who is the Owner/Landlord?
Shell (SA) Pty Ltd
Is a copy of the lease available?
A copy of the lease can be obtained from the owner.
Do you require a licence?
A site licence from the Municipality and a trading licence from the Department of Energy
What lease deposit and/or other surety is required?
The brand will insist that : 1)The buyer have sufficient fund to take over wet and dry stock 2) sufficient working capital for at least one month 3) a Fuel deposit ( could also be done by means of short term insurance ceded to the Franchise.
What are the main assets of the business?
The main assets of the business is the Goodwill of the franchise and the excellent location they experience. The physical equipment belongs to the Franchise.
Are any items not included in the sale?
All items on the Asset List is included in the sale.
What is their overall condition?
Excellent working condition.
Do any require repairing?
no repairs required at this stge.
How have they been valued ?
They have been valued by the Franchisee at a fair market related value.
Which assets are on lease/HP and with whom?
At this stage all assets and equipment have been settled.
Are they presently insured?
All assets are Insured.
Strong brand, well established and situated at the best site in the city.
Competitive business, and receive limited competition from competitors.
To enter the market with an established, well placed and profitable fuel market.
All licences (from Municipality and Department of Energy ) are in place and the business ins correctly zoned. We are not aware of any developments which could be a threat to the business.
What is the reason for the sale?
The (Pty) Ltd has two directors and they wish to part ways.
Why is this a good business?
This business is well situated established for years and highly profitable.
What is the price plus stock and the net profit?
The price of the fuel station is R 6 000 000 and the proceeds from operations for the year to February 2018 is R2 042 536. The average wet and dry stock on hand at each month end is estimated at R400 000
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