Service Station For Sale in Port Elizabeth

Eastern Cape

R 4 500 000

Financial Information

Detailed financials available on request

Property Included Seller Handover

Only serious buyers

The business is located in Port Elizabeth suburbia and is well established. Services include a Convenience Shop, Cafe;, ATM, Carwash, Free Wi-Fi. The service station is part of a major national oil company franchise with the benefit of support systems and controls being in place from marketing to computer systems and training of staff. All equipment is in a good condition and the business creates a very good first impression. The business is owner operated. Daily operations are typically of what one would expect from a 24/7 service station. All figures can be verified with validated documentation. The business trading entity is a Closed Corporation (CC) and is registered for VAT. All VAT documentation is on file and SARS ready. Up to date 2018 Management Accounts are available for inspection as are the Annual Financial Statements to Feb 2017. Net Profit EBPITD (Earnings Before Proprietors Income, Interest, Tax and Depreciation R 1,982,949 pa | ROI 40% | Payback 30 months. Only serious buyers with the total cash requirement of R 4,5 million need to contact the mandating broker. The fuel company will require the buyer to have at least 65% of the purchase price in own capital. All interested parties will be required to fill in a buyers profile and non disclosure documentation. Please contact the listing broker for more information

Chris Seaman

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