Listing ID: GP250
Petrol Station for Sale R19,350,000 - Property Included
Petrol Station for Sale, West Rand
Major Brand Petrol Station for sale in the West Rand, including Property (RORO Site). No BEE Requirements, 9 years remaining on supply agreement. The Station does approximately 165,457 litres of fuel per month. C/Store does approximately R602,890 per month at a 30% margin. Car Wash does approximately R26,588 per month. Airtime sales approximately R151,818 per month. Lubes sales approximately R8,129 per month. Net profit of R228,837 per month over the past 6 months. Buildings and convenience store recently upgraded. Assets worth R4,0 mil included. Additional 89m2 of Class A retail space available inside main building. Plans for a fitment centre already submitted and awaiting approval from Local Municipality. The station is open 24 hours per day, 7 days per week. This station is ideally located between industrial and residential areas with high traffic flow and has a loyal customer base.
Price R19,350 mil, excluding stock @ R 1,500,000 cost. The TOTAL funding needed to acquire this Business is R20,850 million of which you MUST HAVE at least R 11,0 million CASH READILY AVAILABLE and be able to RAISE FINANCE for the BALANCE of + – R 9,850 million. The Seller requires PROOF of funds from a financial institution for BUYERS to be considered. NO Details, Information or Documentation will be released UNLESS you meet the Seller’s Requirements. PLEASE NOTE :- NO INQUIRY will be entertained UNLESS you MEET the above Criteria. Due to the popularity of this listing, the overwhelming responses and daily avalanche of emails and voice messages thereto, you will be required to complete our Non-Disclosure Agreement and to provide us with “proof of cash” from your bank or financial institution for you to be privy to any information financial or otherwise.
Interested in this Business
NO information financial or otherwise on any of our listings will be made available to prospective buyers unless they fully comply with the following;
- Cyrus Business & Property Brokers mandated with the sale of this opportunity was specifically requested by the Seller not to divulge any information pertaining to what is being sold under this listing prior to obtaining proof of funds from your financial institution (bank), auditor or lawyer;
- Due to the popularity of this listing, the overwhelming responses and daily avalanche of emails and voice messages thereto, you will be required to register as a buyer, complete our Non-Disclosure Agreement and provide us with “proof of funds” from your bank or financial institution for you to be privy to any information financial or otherwise;
- Upon receipt of your Non-Disclosure Agreement and proof of funds, you must be prepared to visit us, we want to meet you in person, where after all information will be conveyed without delay.
Confidentiality Information and Viewing
The Seller/Owner desires to maintain the confidentiality of information financial or otherwise of their business and does not want their competitors, employees, suppliers, customers, and others to know they are selling their business. It is thus extremely important that the business is protected from this at all times and can only be viewed by appointment through Cyrus Business & Property Brokers.
Disclaimer
All information has been provided by the seller and needs to be re-verified by the seller. Cyrus Business & Property Broker makes no representation to its accuracy and does not certify or make any warranties of any of the information provided and have not verified any information. It is strongly advised that you and/or your accountant review all information and do your due diligence before the closing. Information is subject to change without notice.
Commission
A property practitioner is NOT entitled to a commission unless he/she is registered and possesses a valid FFC
The following juristic and natural persons are defined by section 1 of the Act as property practitioners, Agents, Business Brokers, Consultants, Advisers, Agency, Accountants, Attorneys, Auctioneers, Bridging Financer, Bond Brokers, Developers, Homeowners Associations, Managing Agents, and Time Shares, (note, without limiting to same).
The Property Practitioners Act came into effect on the 1st of February 2022. Sections 47 and 48 of the Act compel property practitioners, including their Directors, Members or Trustees, and all employees who act as property practitioners, to obtain and hold a valid Fidelity Fund Certificate (FFC), which must be applied for from the PPRA.
Section 48 of the Act effectively bars a property practitioner from rendering services as a property practitioner if he/she does not possess a valid FFC, and Section 56 dictates that a property practitioner is not entitled to the commission unless he/she is registered and possesses a valid FFC.
Furthermore, Section 48(4) stipulates that a property practitioner who receives a commission in the absence of the certificate as mentioned above will be required to pay back the commission immediately upon receipt of a written request. Conveyancers are prohibited from paying commissions or monies unless a property practitioner produces a certified copy of their FFC.
Operating without a fidelity fund certificate can result in a property practitioner being found guilty of an offence under section 48(5) of the Act.
If there is any doubt as to whether or not juristic and natural persons are defined by section 1 of the Act as property practitioners have a valid fidelity fund certificate, do not hesitate to contact the Property Practitioners Regulatory Authority https://theppra.org.za/ or your Attorney to confirm and verify the registration status.
