Total of 18658 firms and businesses for sale today Saturday 2nd March 2024
Time to Sell or Time to Buy !

Business For Sale. Motor Dealership And Filling Station

LISTING DETAILS
Firms For Sale ID:
32138
Vendor reference:
13024
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$18,000,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Popular Car Dealership & Filling Station:

This significant Mpumalanga located investment represents a superb BEE opportunity to acquire a successful and long established (> 60-years) Car Dealership and Filling Station as well as the property.

The Filling Station pumps an average of 190 000 litres a month however, these volumes are destined to grow upon completion of a current National Highway development which will give increased and improved access to the business.

Location is excellent as the Filling Station enjoys regular patronage from the taxi industry that uses the business as a mid-journey stop. Services available include fuel, café, general merchandise and ablutions and the café and filling station complement and support each other very well.

The popular car Dealership associated with the business trades in both new and used vehicles and services the surrounding rural geographic area. The business is classified a â??Dealer-ownedâ?ť site and as such, qualifies for additional rebates on purchases from the fuel company concerned

Included in this sale is the property which is +/- 5000 sqm in extent with +/- 2500 sqm of buildings under roof. Itâ??s situated on a prime route (National Highway). Being a dealer-owned filling station means that the Seller owns the site and retail licence as well as the fuel pumps and tanks.

Certain units of the property are leased out and there is a vacant unit that would be ideal for a top-brand food franchise. Over and above, there is an additional +/- 600 sqm of leasable space that could be used for a number of purposes including a second motor franchise.

The unencumbered asset base is substantial and includes (among other things) property, furniture, fixtures, parts stock, workshop equipment, computers, systems etc. Vehicles on the floor with values (at cost) of between R1.5/R2.0 million are not included in the selling price so specific arrangements would need to be put in place for settlement on the effective date.

This location has been earmarked for huge growth over the next three-to-four years with plans afoot for developments worth literally billions of rands. This will have the effect of increasing the local population at an unprecedented rate and to the benefit of local business.

At an inclusive price of R18 million, the property is listed at R15.5 million and the business, R2.5 million. With average monthly trading profits of +/- R90 000, this constitutes a return on investment of 43%. .

This listing of this business is being undertaken in a highly confidential and sensitive nature thus, interested parties will be required to demonstrate financial capacity and intent.

While it would be beneficial for the Buyer to comprise a BEE component, it is not considered essential.

For further information, kindly register online and complete the Purchaser Confidentiality Undertaking or alternatively, contact me directly on: +27 82 452 8186