Petrol Station Glen Innes - 1sell Listing Number: 1au012

Metro Petrol Station in New England Region (Regional NSW)

1SELL Listing Number: 1AU012

Price: $259,000 + SAV

Vendor Finance Available

Overview:

Metro Petrol Station / Service Station located in a famous town in the New England Region of Regional NSW, approximately 660 km from Sydney CBD and 270 km from Brisbane CBD.
Suitable for 188 Business Visa, subject to immigration policy.
Currently owned by an established couple and managed by 2 casual staff members.
Rent: NIL (as per current business structure)
Lease length: 5 + 5 years with an option to extend.
Fuel Sales:

Average Daily Fuel Sales: Approximately 6,000 litres @ 4 cents/litre.
Monthly Fuel Sales: 180,000 litres.
Current structure offers a fixed commission of 4 cents per litre. Option to convert to Fuel Reseller Site at no extra cost.
Shop Sales:

Monthly Shop Sales: $33,000 to $36,000 with over 36% Gross Profit (GP).
Hot food sales account for 50% of the total monthly sales with high margins.
Open 7 days a week from 6:00 AM to 8:00 PM.
Operated by 2 casual staff members.
Full training provided for an easy transition.
Features:

Petrol station with Hot Food Setup.
Large premises.
Offers 4 fuels: E10, ULP, 98, and Diesel.
Revenue and Expenses:

Fuel sales: $7,200 per month.
Shop sales: $35,000 per month with 36% GP.
Total gross income: $19,800 per month.
Expenses: $9,750 (including wages, electricity, and insurance).
Rent: NIL.
Net income before tax: $10,050 per month with current business plan under management.
If owner operated: $18,050 per month or $216,600 per year before tax.
This income is based on less hours of operation. Increasing the operating hours to regular service station hours (5 AM to 10 PM) can potentially increase sales by 25%.
Cost to Acquire:

Business: $259,000 (Vendor finance available).
Stock at valuation: $70,000 +/- 15%.
Legal fees: At actuals.
Potential:

Opportunity to add trailer hire services.
Addition of a coffee machine.
Introduction of a variety of hot food items due to high demand in the city.
Note: All sales report can be provided for serious buyer, No Financials provided as they have many businesses under one company. Time wasters please stay away.

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.