Priced To Sell ! Service Station For Sale - Sydney North

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North Sydney 2060 North Sydney, New South Wales, Australia

40 652
$650,000
19571308
2 months ago

Highlights

  •  Priced To Sell - Service Station For Sale
  •  Established more than 30 years
  •  Strong Fuel and shop sales
  •  5+5 year lease with 9 years remaining

Overview

• Potential to add hot food in the shop to increase sales

• Potential to add a lotto counter subject to approval

• Potential to add 1 or 2 hire cars for extra revenue 

Deal details

Financials

Weekly Takings $92,307
Cost of Goods   $81,634
Gross Profit       $10,673
Rent                   $3681 (ex GST)
Outgoings          $194
Wages               $1800 (Does not include the owners wage)
Telephone          $35
Insurance           $134
Electricity           $186
Misc 1                $538 (GST)
Misc 2                $500 (bank fees, repairs and maintenance)

Total Expenses  $7068

Nett Profit           $3605 (profit for 1 full time owner working 40 hrs p/w)

Stock                  $70,000 including fuel and shop stock 

Equipment Value $100,000

Asking Price       $650,000

Reason for sale: Owner has other business interest

The Business:

Petrol station selling fuel approximately 180,000 to 200,000 Litres per month @ average of 15c to 20c 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

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

Operating Hours

Monday to Saturday – 6am to 10pm, Sunday 7am – 10pm

Lease

Lease 9 years remaining, 5% annual increase, No Fuel bond Required

Employees

1 full time owner operator and 4 x casual employees

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Business Location City of Sydney, New South Wales, Australia

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