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Caltex Fuel Station In Welkom For Sale

Welkom, Free State, South Africa
Asking Price:
R10,000,000 Furniture / Fixtures included
Sales Revenue:
R84,000,000
Cash Flow:
R800,000

Successful Caltex Fuel Station for sale in Welkom, Free State.

Ave Monthly Liters: 325 322
Ave Monthly Convenience Store and Other Income: R573 766

Ave Monthly Nett. Profit: R226 043

New 10 year lease was signed March 2022, with the option to renew for a further 10 years (till Feb 2042).

Assets of +/- R500 000 are incorporated in the selling price. Stock to the value of +/- R750 000 is not included in the selling price.

After managing the site for 27 years, the owners wish to retire.

This will be one of the first Caltex sites in the Free State, to be re-branded to Astron Energy.

The surrounding buildings have a good tenant base, with Toyota next door.

There is room for further growth, since the Car Wash is not currently in operation, and a Fresh Stop (hot food) have also not been incorporated as yet.

The premises is spacious with 4 offices, 2 walk in safes, customer bathrooms, a (Perkins 8 cylinder Diesel) generator room, customer and staff parking and a big landscaping area.

Preference will be given to suitable candidates with sound knowledge based on proven financial and business principles. Official meetings will only be set up after proof of funds are forwarded.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

10 year lease from March 2022, with the option to renew another 10 years

Leasehold Rent:

R480,000 per annum

Living Accommodation:

None

Location:

Welkom, Free State

Premises Details:

Convenience Shop, Car Wash (not in operation), 23 Fuel Pumps, 4 Offices, Bathrooms, Parking

Business Operation

Expansion Potential:

Yes, with Food Lovers re-branding (hot foods) and the car wash, currently not in operation.

Competition / Market:

1 Other Service Station in 2km radius

Reasons for selling:

Retiring

Trading hours:

24 Hours, 7 Days a week

Employees:
24
Years established:
74 years, 27 under current ownership

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Needs to be a reputable trader

Other Information

Support & training:

Astron Franchisee Training Available.

Owner handover period of 3 weeks.

1 x Supervisor and 1 x Accountant familiar with the business

Furniture / Fixtures value:
R500,000 - included in the asking price
Inventory / Stock value:
R750,000
Related Documents:

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