Detailed financials available on request
This long established modern Service Station Business is situated on a main road, in a Township 20 klms south of Durban. It pumps +- 425.000 lpm and the Non Franchised Shop turnover is +- R 550.000 pm. The lease period is 7 years, with the option to negotiate a renewal period of a further 9 x years with the Owner of the property. The Property is NOT for Sale. The Business netts +- R 265.000 per month and the SELLING PRICE is R 10.8 million. The TOTAL FUNDING REQUIREMENT NEEDED TO ACQUIRE THIS BUSINESS IS R 12.550 mil of which YOU MUST HAVE at least +- R 7.0 Mil CASH READILY AVAILABLE and be able to RAISE FINANCE for the BALANCE OF +- R 5.550 mil. PLEASE NOTE THE FOLLOWING :- NO Details, Information or Documentation will be provided unless you MEET this Financial Criteria, as required by the Seller, the Oil Company as well as most Financial Institutions. NO B.E.E. Requirement.