Independent Service Station - North mid-west NSW for sale - 1SELL Listing Number: 1AU060

Tamworth NSW
Asking Price $895,000
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1SELL Listing Number: 1AU060

Independent Service Station with a well-functioning pizza shop - North mid-west NSW for sale

Asking price $895,000+SAV.

Head Lease $22,727.27 + GST/month.

Long lease with head lease.

Approximately 400kms Northwest from Sydney.

Monthly over 214,000 litres of fuel sale making margins over 10 to 15 cents per litre.

Monthly Shop sale is over $135,000/PM to $183,000 with over 35% GP.

Open 7 days a week 5AM to 10PM, it is up to new owners to continue same hours or operate 24 hours as this store is in main part of the city.

Full training provided and easy transition.

Great opportunity for owner operator asking price $895,000 plus SAV.

Features.

   -  Petrol station.

   -  Fully under management.

   -  Gas bottles and refiller etc.

   -  Lotto onsite.

   -  4 new Bowsers, Fully upgraded.

   -  Underground assets fully renovated 1year ago.

Revenue and expenses.

   -  Fuel sales = 214,000 litres/month approximately, avg 13 cents= $27,820.

   -  Shop sale = $135,000 to 180,000/month approximately, average 35% Gross Margin = $47,250.

   -  Total gross Income= $75,000/month approximately.

   -  expenses =$48,200/month.

Net income before tax= $26,570/Month before tax under management.

This income is with less hours of operation. If it operates 24*7, the result could be massive, if owner family operated this business can make over $42,000 per month before tax or over $500,000 per year before tax.

Cost to acquire:

   -  Business: $895,000

   -  Lease deposit bond: $90,000.

   -  Stock at valuation: $140,000 +/- 15%.

   -  One month rent: $22,727.70+GST.

   -  Fuel bond: $150,000.

Legal fees; at actuals.

Potential:

   -  Land lord is upgrading the canopy in January 2024 for trucks to enter which will increase the sales substantially.

   -  Oporto is expected to launch onsite in next 8 months which will increase the traffic onsite.

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 and fuel contract approval.

Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

Property Code: 68
        
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