Newcastle, New South Wales 2300

Independent Service Station. Newcastle. Long Lease

For Sale | $695,000

Service Station

Offers over $695,000 + SAV or more. Awesome opportunity to acquire independent service station in Newcastle. Be quick this won't stay long! Currently under semi management.

Features
• Long lease till 2027 Plus 5 years Option
• Monthly over 220,000ltr of fuel sale.  reseller, currently averaging 15 cents/ltr (margin of 10cents to 30 cents/litre)
• Monthly Shop sale of over $50,000
• Total rent is $11,363/month +GST
• Open 7 days a week from 5AM till 9AM, weekend 6AM till 7PM
• Over $3.6 million annual sales
• Corner service station. With 3 pumps easy to operate
• Recently one of the underground tank is been refurbished by the land lord, spent over $60,000
• Full training provided and easy transition
• This is awesome opportunity with in Newcastle city fringe
• Sub lease till 2027+5years Option, fuel contract as "reseller". You can buy stock from anywhere for store, and sell whatever the price deemed to be
• Great opportunity for owner operator asking price is $695,000 plus SAV

Revenue and expenses
• Fuel sales = 220,000ltrs/month avg 15 cents= $33,000
• Shop sales= $50,000/month 35%GP =$17,500
• Total income= $50,500/month - expenses =22,578, Net income before tax= $27,922/Month, if owner operated with 50% involvement

Cost to acquire
• Business: $695,000
• Lease deposit: 3months rent as Bond
• Fuel Bond: $30,000
• Stock at valuation: $60,000 + /- 15%
• 1 month rent in advance: $11,330+GST
• Any other associated legal fees
• Note: Monthly sales report is available, owner brought this business just a year ago, hence No Financials. however trial can be allowed after exchange

Listing Number: NSW09723

Please Contact:

Broker: Gilraj VenkatappaPhone: 0401744199
Email: gilraj.venkatappa@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09723

THE PROSPECTIVE BUYER IS REQUIRED TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS PRESENTED AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE WITHIN THIS ADVERTISEMENT, BY THE VENDOR OR BY ANYONE ON THE VENDOR'S BEHALF.
Ref: NSW09723
Timestamp: 20210626030106

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Gilraj Venkatappa



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Gilraj Venkatappa

LINK Sydney

Overview

This Service Station Business is one of 66 businesses for sale in Hunter, New South Wales, and one of 10 Service Station Businesses in this region that a business for sale currently has on offer. This Service Station Business is for sale in Hunter for the asking price of $695,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..