Independent Service Station, Headlease Sydney

Asking price $790,000+SAV.

Independent service Station Sydney NSW.

Currently operating as semi management business with owner working casually in the business.

Head Lease $4,000+GST/month lease is for 6 year, if 10 years option elected may cost $6000/month.

Monthly over 250,000 litres of fuel sale. Reseller, with average of over 12 cents margin on fuel.

Monthly Shop sale is over $35,000/PM with over 40% GP.

Open 7 days a week 6.00AM to 9 PM. It is up to new owners to continue same hours or increase the hours 5AM to 11PM or 24 hours as this store is in busy inner-west area of the Sydney.

Full training provided and easy transition.

Great opportunity for owner operator asking price $790,000 plus SAV.

Features.

• Petrol station.
• Gas bottles.
• Small Property easy to operate by single person.
• Recently under ground tanks are been refurbished and new 2 Bowsers/pumps with 8 houses.
• 4 fuels E10, ULP, 95 and Diesel with over 100,000 as tank capacity of fuel.​

Revenue and expenses

• Fuel sales = 250,000ltrs/month avg 12 cents= $30,000
• Shop sale = $35,000/month average 40% Margin = $14,000
• Total gross Income approximately= $44,000/month.
• expenses =$20,200/month approximately
• Net income before tax= $23,800/Month before tax under management. (If owner operated $34,000/PM or yearly $408,000 before tax) this income is with less hours of operation. If it operates like any other service station on regular hours from 5AM till 11PM obviously increase the sale by 10% to 15%​

Cost to acquire:

• Business: $790,000.00
• Lease deposit bond: $14,000.00
• Stock at valuation: $80,000 + /- 15%
• One month rent: $4,000+GST.
• Fuel bond; $0
• Legal fees; at actuals.
• Lease is for 6years, if you are looking for 10years lease then rent may go up to $6000/month​

Potential:

• Add ATM as no ATM around.
• Add coffee machine. And variety of readymade food.
• Add variety of hot food as in great demand especially in morning​

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. Bank finance may not be available as it is not branded store.

Subject to Landlords approval.

Please Contact:

Broker: Gilraj Venkatappa
Phone: 0401744199
Email: [email protected]

Broker: Amit Gupta
Phone: 0491616144
Email: [email protected]

Listing Number: NSW10530

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