Listing ID : WC102REQUEST DETAILS
Sold by Cyrus Brokers R12,000,000 - Excl Property
BP Petrol Station Sold by Cyrus Brokers with PnP and Car Wash, Cape Town Suburbs, 51% BEE REQUIREMENT. BEFORE RESPONDING TO THIS ADVERT PLEASE BE INFORMED THAT NEITHER CYRUS NOR THE SELLER WILL ENTERTAIN, RESPOND or COMMUNICATE FURTHER WITH YOU IN RESPECT TO THIS ADVERT UNLESS YOU COMPLY WITH or EXCEED THE REQUIREMENTS AS INDICATED HEREUNDER. BP Petrol Station with Pick n Pay and Car Wash – Cape Town Suburbs. The station does approximately 325,000 liters of fuel per month. Pick n Pay does approximately R 717,079 per month at a 29.9% margin. Fast foods does approximately R 220,921 per month at a 48.9% margin. Airtime cards does approximately R 70,232 per month at a 3.9% margin. Pre paid electricity does approximately R 113,574 per month at a 1.9% margin. Car wash does R80,716 per month @ 93,9% margin. Gas does approximately R 85,274 per month at a 13.9% margin. Lubes does approximately R 15,453 per month at a 32.9% margin. The station is open 24 hours per day, 7 days per week. This station is in a great residential area with high traffic flow and has a loyal customer base. Net profit R 330,242 per month. Selling price R 12,0 mil excluding stock @ cost R 1,0 mil. The TOTAL Funding needed to acquire this Business is R 13,0 million CASH. Preference will be given to suitable B.E.E. candidates with sound knowledge based on proven financial and business principles and 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 monies associated with this transaction. The Seller has insisted that only CASH BUYERS will be considered. 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.
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 Business Broker-Agent-Consultant-Adviser-Agency-Auditor 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-auditor 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-auditor 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-auditor 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-auditor 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/