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PROFILE |
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Description: |
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This well established business (+20 years) owns the 13 hectares of land for the truck stop and employs 28 staff members. Revenue streams are generated from overnight parking facilities and from diesel sales. There are good opportunities for growth and expanding business in multiple areas. |
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Industry / Sector: |
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Motor - Service Station |
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LOCATION |
| State / Province: |
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KwaZulu-Natal RSA |
| City / Town: |
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N3 - midway Durban to Johannesburg |
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Location / Area: |
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Portability: |
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Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
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PRICE |
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Asking Price: |
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R 103 000 000 |
| Conditions: |
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Buyer would need R20m in unencumbered cash |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 19 000 000 per month
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| Profit: |
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R 1 200 000 per month
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| Annual Return: |
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14
% per annum
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| No. of Staff: |
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28 |
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Year Established: |
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2003 |
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Legal Persona: |
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Private Company (Pty) Ltd |
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Other Information: |
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PREMISES
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The premises (property) is being sold together with the business and is included in the price.
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GENERAL OPERATIONS - OVERNIGHT PARKING
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The parking capacity can handle 370 vehicles on 52,250 sq.m.
The monthly average of 10,000 vehicle park nights equates to a nightly average of 330 trucks.
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GENERAL OPERATIONS - DIESEL FUEL SALES
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Independent ''white label site'' diesel sales approach 400,000 lpm at a margin of R1,20 per litre.
The balance is supplied via a third party supplier on consignment of about 600,000 lpm. A handling fee of R0,34 per litre is paid on these volumes.
The business owns all equipment including 500,000 L storage capacity.
All purchases are made from wholesalers on a COD basis with no long-term agreement requirements.
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BUSINESS VALUATION and R.O.I.
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This return on investment at the asking price renders a return on investment of approximately 14%.
It must be remembered that a structure of property and business delivers a misleading mix on total ROI. A property valuation should be made. This property value can then be subtracted from the asking price the remainder of the asking price can then be considered to the business.
The anticipated annual growth in the property value is then removed from the annual profit and the remainder can then be applied to the business.
You now have a price and return for each and this enables you to estimate an ROI on the property and, more importantly, a more accurate ROI on the business itself.
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STOCK VALUATION
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The stock in the tanks is in the form of diesel fuel will be additional to the asking price which is normal practice. The stock would be valued at cost at the time of the sale.
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STAFFING
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Staff will remain onboard as part of the transaction.
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NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
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Full support will be provided to assist in the transfer of knowledge and experience for a 30 day period at least.
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MARKET and CUSTOMERS
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The business has a good customer base which one can built upon.
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OPPORTUNITY for GROWTH
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The opportunities in the market are good and with the injection of capital the business can be expanded by adding from the following:
- Tyre and Truck Repair shop.
- Ablutions. (Already available for truckers that park or fill with Diesel).
- Storage facilities.
- Laundry
- Salon
- Restaurant (There is a kitchen that serves hearty meals.
- Truck Wash for which there is a massive demand.
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LIFESTYLE ISSUES
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Trading hours are 24 hours per day.
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REASON FOR SALE
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These details are personal will be divulged to a serious potential buyer.
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NON-DISCLOSURE AGREEMENT
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Any prospective purchaser will be required to sign an NDA before any further details are released.
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AVAILABILITY of AUDITED FINANCIALS
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Full financials are available.
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DUE DILIGENCE
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The buyer would at own cost would have to perform due diligence to validate all factual information.
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PROOF of FUNDING REQUIREMENT
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A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance the cash transaction portion of this purchase. The seller will not provide any documentation, business details, or financials and will not accept any offer unless proof of funding has been provided.
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