Independent Service Station near Newcastle area For Sale - 1SELL Listing Number : 1AU067
NSW
Last asking price $1,250,000
Sold August 2023
Automotive
1SELL Listing Number: 1AU067
Independent Service Station with Huge Convenience Store & Lotto Store.
Asking price $1,250,000 + SAV.
Business Details:
- Currently fully under management
- Well Functioning 40 year old business
- Brand new lease for long years
- Monthly over 120,000 liters of fuel sale. Reseller, with average of over 15 cents margin on fuel.
- Monthly Shop sale is over $200,000/PM to $230,000 with over 40% GP.
- Daily coffee sales more than $1,000
- Daily food sales over $1,500
- Massive car park with separate open lounge for coffee.
- Open 7 days a week 6AM to 6PM, it is up to new owners to continue same hours or operate 24 hours as this store is in Major area within small suburb.
- Full training provided and easy transition.
- Great opportunity for owner operator asking price $1,250,000 plus SAV.
Revenue and expenses:
- Fuel sales = 120,000 litres/month avg 14 cents= $18,000
- Shop sale = $230,000/month average 40% Margin = $94,500
- Lotto Sale = $70,000/month with average commission = $7,000
- Total gross Income= $119,500/month
- Expenses =$90,618/month
- Net income before tax= $34,000/Month before tax under management. (if owner operated $45,000/PM or yearly $540,000 before tax) this income is with less hours of operation.
Cost to acquire:
- Business: $1,250,000.
- Stock at valuation: $130,000 + /- 15%.
- Turnover: $7,000,000
- Legal fees; at actuals.
Note: All sales report can be provided for serious buyer.
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: 79