Sectors / Category

Annual turnover

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  • Mandate: 32333
  • Added: 09 Aug 2018
  • AFS
  • 629

Established and Profitable Fuel Station

Eastern Cape, Port Elizabeth
629
Mandate 32333
Added 09 Aug 2018
R 10,300,000* ZAR
Stock: R 800,000
Assets: R 0
R 200,383 ZAR
Willem Smuts
(PRINCIPAL)
Aldes Algoa
Eastern Cape
Eastern Cape
Summary

Established for numerous years and situated on the busiest Road in Port Elizabeth. Generating an Income from Operations on average of R 198 000 per month for 12 month period to 30 June 2018. This fuel station was revamped in 2016 and its convenience is properly stocked and boasts with a very well known brand. This fuel station is priced to sell.

Established and Profitable Fuel Station
SELLING PRICE AFS
R 10,300,000* ZAR
Stock: R800,000
Assets: R0
R 200,383 ZAR
Summary

Established for numerous years and situated on the busiest Road in Port Elizabeth. Generating an Income from Operations on average of R 198 000 per month for 12 month period to 30 June 2018. This fuel station was revamped in 2016 and its convenience is properly stocked and boasts with a very well known brand. This fuel station is priced to sell.

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Fully describe the business's activities?
A well established, well situated fuel station with a fully equipped convenience selling all products associated with a fuel station and convenience.

How long has the business been established?
Established since 2003

How long has the owner had the business?
Has had the business for 9 years

How does the business operate on a daily basis?
The business operates on a 24/7 basis. The shift changes are 7 am and 7 pm. the managers have strict control over fuel pumped and wastage . The fuel station also boasts a full convenience with industrial kitchen to prepare products for sale.

How are the clients attracted to the business?
This Fuel Station is well situated and in the public eye. The brand is well known and anybody seeing the logo associates the business with a Fuel station. The brand also has a loyalty scheme which is well supported.

What Advertising/Marketing is carried out?
The fuel franchise advertises in newspapers, Television , social media and brochures. The retailers advertise by means of flyers and periodic specials

Does the business have any contract work?
No contract work

What competition exists?
Other fuel stations in the area.

What are the seasonal trends?
Fairly constant sales throughout the year with a slight increase of fuel sales over the summer months of October to February.

What is the monthly litres?
Over the period of 1 July 2017 to 30 June 2018 an average of 280 litres.

Is the business VAT Registered?
Yes, the business is VAT registered

What VAT documentation is on file?
Every bi-monthly VAT return as requested by SARS

Are there up-to-date Management Accounts available?
Yes, up to date management Accounts available

What Balance Sheet and Income Statements are available?
Annual Financial Statements to February 2018

What percentage of the business is cash/credit?
100% cash

What is the total staff complement?
To be advised

Give a breakdown of staff/ functions/ length of service?
To be advised

Are they on contract?
All staff on Permanent Contract. At month end casual are sometimes hired for a fixed term period.

Do any have management potential?
The supervisors have excellent managerial skills.

How involved is the Owner in running the business?
The owner is 80% involved in the business

When does the current lease end?
To be advised. The fuel companies always give a new retailer a new contract.

What are the trading hours?
24/7

What is the square meters of the business?
To be advised, but very spacious premises.

Who is the Owner/Landlord?
The Fuel Franchise is the owner of the premises.

Is a copy of the lease available?
Yes, a copy of the Lease will be given to qualified buyers.

Do you require a licence?
A site licence from the Local Municipality and a retail licence from the Department of Energy.

What lease deposit and/or other surety is required?
A fuel delivery Guarantee is required which is normally in the form of life insurance seeded to the Fuel Franchise. On application for membership as a retailer, proof of funds is required for portion of purchase price, cost price for wet and dry stock and operating expenses for one month.

What are the main assets of the business?
The main Asset of the business is the Goodwill of the Franchise. all assets ( Tanks, pumps, signage, equipment etc) belongs to the franchise.

Are any items not included in the sale?
All items on the list and that belongs to the franchise are included in the Sale.

What is their overall condition?
Excellent working condition. Most equipment was replaced with the upgrade in 2016.

Do any require repairing?
No repairs required at this stage.

How have they been valued ?
The Assets hace not been valued as they belong to the franchise.

Strengths?
This fuel station is established, VERY profitable, EXCELLENT location and recently revamped. This fuel station is also branded as member of a popular franchise.

Weaknesses?
The Fuel industry is competitive and consumers are price sensitive.

Opportunities?
This is an excellent opportunity for someone with a passion for retail or the fuel industry. This business is established and profitable and priced to sell.

Threats?
The site licence is issued by the Municipality and the Department of Energy also approve of the site. This fuel station is complaint to all municipal and health regulations and therefore so no threat to the business.

What is the reason for the sale?
Owner wishes to emmigrate

What is the price plus stock and the net profit?
The Price of the Fuel Station is R 9 500 000 and the estimated stock on hand is R800 000. This business has generated an operational Income of R 2 382 796 for the period 1 July to 30 June 2018

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FRANCHISE DETAILS

Aldes Algoa

1 members
19 active mandates
Eastern Cape
16 Frykenhuis Street, Summerstrand
6001

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