Priced To Sell! - Service Station Business - Reseller Agent - Netting $3000 p/ week - North Sydney

North Sydney NSW
Asking Price $590,000
Background & History

This service station has been operating for more than 20 years. Popular north shore location

General Description
Petrol station selling fuel approximately 160,000 to 180,000 Litres per month @ average of 20c to 25c per litre as a reseller agent. Currently supplying E10, 91 Unleaded, 98 and Diesel. 2 x pump stations and 16x nozzles. In addition LPG Gas, fire wood, engine oil, auto accessories

Fuel tank size

91  43,000Litres
E10  22,200 Litres
98  17,600 Litres
Diesel  19,800 Litres

Convenience store goods total about $30,000 per month at about 35% margin selling snacks, drinks, paper, magazines, cards

Operating Hours
Monday to Saturday  6am to 10pm, Sunday 7am  10pm

Lease commence 7 years remaining, 5% annual increase, No Fuel bond Required

1 full time owner operator and 4 x casual employees

Weekly Takings  $81,494
Cost of Goods    $71656
Gross Profit        $10589
Rent               $4058 (ex GST)
Outgoings       $194
Wages               $1600 (Does not include the owners wage) Telephone  $35
Insurance       $134
Electricity       $186
Miscellaneous    $1000(GST, bank fees, repairs & maintain)
Total Expenses  $7207
Nett Profit       $3382 (profit for 1 full time owner working 40 hrs p/w)
Stock              $50,000
Asking Price      $590,000 plus Stock


*  Currently not serving any hot food. Potential to add hot food offerings such as pies, sausage rolls, sandwiches, donuts, tea and coffee
*  Potential to add lotto counter subject to approval
*  Potential to 1 or 2 hire cars for extra revenue

Reason for sale: The owner has expressed that he is not desperate to sell however is motivated to sell at the right price. The owner has had this  service station for 7 years and has other business interest.
Ref Num: 21427-1
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