Listing ID : GP200REQUEST MORE INFO
For Sale R7,750,000 - Petrol Station
Petrol Station for Sale with C-Store Major Brand – East Rand. The TOTAL funding needed to acquire this Business is R 7,75 million of which you must have at least +-R 4,0 million CASH on HAND and be able to Raise Finance for the balance of +- R 3,75 mil. Only B.E.E. applicants will be considered, Service Station Experience and/or General Dealer Shop Experience will be an added advantage. Before responding to this listing please be informed that Cyrus will not respond or communicate further with you in respect to this listing unless you comply with or exceed the requirements as indicated above. This Existing Service Station was under performing due to cash flow problems and is currently closed. It previously pumped +- 135,000 liters of fuel per month and the Shop Turnover was +- R 120,000pm. The selling price is R1,65 million. The oil company has already indicated that the site will be knock down and completely rebuild within 18 months. After rebuild the oil company requires R6,0 million key money. The oil company has predicted that the station will pump at least 450,000 liters per month after rebuild. A suitable B.E.E.candidate with sound knowledge based on proven financial and business principles will be required to be considered for this opportunity. Coupled to this, a candidate will show and provide proof of the necessary cash funds to pay the key monies associated with this transaction. Such proof shall be given in writing by your financial institution, lawyer and or auditor for the attention of the broker and oil company to this transaction. These requirements will form the basis of moving any agreement that may be forthcoming forward and may there be further requirements laid down prior to an interview being granted.
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.
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 For Agent-Broker-Consultant-Adviser-Agency In South Africa
The Estate Agency Affairs Board (the EAAB). In accordance with Section 34 A of the Estate Agency Affairs Act 112 of 1976. Section 1(vi) provides that,
“…any person who for the acquisition of gain on his own account or in partnership, in any manner holds himself out as a person who, or directly or indirectly advertises that he, on the instructions of or on behalf of any other person sells……or publicly exhibits for sale…….any business undertaking or negotiates in connection therewith or canvasses or undertakes or offers to canvass a seller or purchaser therefore;…”
This implies that anyone who practices as a business broker-agent-consultant-adviser-agency in South Africa who is not in possession of a valid Fidelity Fund Certificate, disqualify from claiming any commission, consulting fee or referral fee on the relevant dealings if he/she/they do not hold a valid Fidelity Fund Certificate. Nobody is entitled to any commission, consulting fee or referral fee unless he/she/they hold a valid Fidelity Fund Certificate. Failing they are operating fraudulent and illegal.
We urge all business buyers and sellers to substantiate that the business broker-agent-consultant-advisor-agency you’re addressing, is in possession of a valid Fidelity Fund Certificate. Failure, therefore, could prove to be very costly!
If there is any doubt as to whether or not a business broker-agent-consultant-advisor-agency is registered or has been issued with a valid fidelity fund certificate, business buyers and sellers should not hesitate to contact the Estate Agency Affairs Board or your Attorney to confirm and verify the registration status of the business broker-agent-consultant-advisor-agency.
It is very important that business sellers ask for proof of the business broker-agent-consultant-advisor-agency fidelity fund certificate before offering him/her/them with a mandate or any info on a business which may imply a mandate.
All business buyers and sellers will have to properly account to SARS for any fees; and provide SARS with proof that the business broker-agent-consultant-adviser-agency they paid the commission, consulting fee or referral fee too, had a valid Fidelity Fund Certificate. Once more failure to do so could prove to be very costly!
If unsure please feel free to speak to your attorney or visit the Estate Agency Affairs Board website for more details. https://www.eaab.org.za/