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About this Business for sale in Armidale

Independent BP service Station at North western NSW, after Tamworth, Massive service station, 3bedroom separate house with lots of potentials.

Currently fully under management.

Head Lease $15,171+GST/month

Monthly over 150,000 litres of fuel sale. Reseller, with average of over 15 cents margin on fuel, Previous to covid this store was doing over 180,000 litres to 190,000 litres per month.

Monthly Shop sale is over $50,000/PM with over 40% GP.

Open 7 days a week 5AM to 10PM.  it is up to new owners to continue  same hours or increase to 24 hours as this store is in Highway.

Full training provided and easy transition.

Great opportunity for owner operator asking price $495,000 plus SAV.

Features

  • Petrol station.

  • Country fried chicken.

  • Gas bottles and refiller.

  • Hot food with full kitchen. Big shop area, huge service station,

  • 3 bed room separate Accommodation.

Revenue and expenses

  • Fuel sales = 150,000ltrs/month avg 15 cents= $22,500

  • Shop sale = $50,000/month average 40% Margin = $20,000 (smoke sale 30%)

  • Total gross Income= $42,500/month.

  • Expenses =$28,000/month.

  • Net income before tax= $14,500/Month before tax under management. (if owner operated with free house $24,000/PM or yearly $288,000 before tax)

  • Since June sales are low due to lockdown, now started to pick up.

Cost to acquire:

  • Business: $495,000.
  • Lease deposit bond: $15,171+GST.
  • Stock at valuation: $80,000 + /- 15%
  • One month rent: $15,171+GST.
  • No Fuel Bond.
  • Legal fees; at actuals.

Potential:

  • Add Trailer hire, as massive land is at your disposal.

  • Add ATM as no ATM around.

  • Add horse cart parking as none around it has great demand in this area.

  • Add variety of hot food as in great demand in this city.

Note: All sales report can be provided for serious buyer, No Financials provided as they have many businesses under one company. Time wasters please stay away.

Subject to Landlords approval.

Please Contact:

Broker: Gilraj Venkatappa
Phone: 0401744199
Email: gilraj.venkatappa@linkbusiness.com.au

Listing Number: NSW10075

To complete an online confidentiality agreement, visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW10075

THE PROSPECTIVE BUYER IS REQUIRED TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS PRESENTED AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE WITHIN THIS ADVERTISEMENT, BY THE VENDOR OR BY ANYONE ON THE VENDOR'S BEHALF.

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Listing: #NSW10075
Profit*: $288,000
Sales Revenue: $3,000,000
New England, Armidale
Automotive, Service Station
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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