Independent Service Station Near Newcastle Area For Sale - 1sell Listing Number : 1au067

1SELL Listing Number: 1AU067

Independent Service Station with Huge Convenience Store & Lotto Store.

Asking price $1,250,000 + SAV.

Business Details:

- Currently fully under management

- Well Functioning 40 year old business

- Brand new lease for long years

- Monthly over 120,000 liters of fuel sale. Reseller, with average of over 15 cents margin on fuel.

- Monthly Shop sale is over $200,000/PM to $230,000 with over 40% GP.

- Daily coffee sales more than $1,000

- Daily food sales over $1,500

- Massive car park with separate open lounge for coffee.

- Open 7 days a week 6AM to 6PM, it is up to new owners to continue same hours or operate 24 hours as this store is in Major area within small suburb.

- Full training provided and easy transition.

- Great opportunity for owner operator asking price $1,250,000 plus SAV.

Revenue and expenses:

- Fuel sales = 120,000 litres/month avg 14 cents= $18,000

- Shop sale = $230,000/month average 40% Margin = $94,500

- Lotto Sale = $70,000/month with average commission = $7,000

- Total gross Income= $119,500/month

- Expenses =$90,618/month

- Net income before tax= $34,000/Month before tax under management. (if owner operated $45,000/PM or yearly $540,000 before tax) this income is with less hours of operation.

Cost to acquire:

- Business: $1,250,000.

- Stock at valuation: $130,000 + /- 15%.

- Turnover: $7,000,000

- Legal fees; at actuals.

Note: All sales report can be provided for serious buyer.

Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

Property Code: 79