Service Station for Sale Sydney

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Why buy this Service Station Business

Service Station for Sale Sydney Asking: $599,000

Background and venue
This inner west suburb is located on the main road between the inner west and Bexley

Currently selling on average about 300,0000 Litres per month as a commission agent average 5c per litre. 4.4c for E10, 5.5c for U91, 98 and Premium Diesel, 12 pump stations, Supplying E10, Unleaded, convenience store goods and gas bottles.

Shop sales about 55k per month about 38% margin selling food, drinks and snacks, some grocery lines like bottled water, toilet paper, cigarette sales represent about 20k per month.

Operating Hours
Sunday to Friday 5am to 11pm, Saturday 6am to 11pm

Staff
1 x full time owner, 1 x FT and 2 x casual

Lease

7 years lease remaining
Lease until 2031, 3% Increase, No Fuel Bond required.

Potential

* Potential ute hire, van or trailer higher
* Potential to add ATM
* Potential to add Food truck to reduce rent further
* Potential to add a lotto counter subject to approval

Financials

Weekly Takings $139,425
Cost of Goods . $130,922
Gross Profit . $8503
Rent $1975 (EX GST, includes the sublease from Mechanic)
Outgoings $200
Wages $1600 (does not include the owners wage)
Telephone $25
Insurance $125
Electricity $230
Misc 2 $346 (bank fees, repairs and maintenance)

Total Expenses $4501

Nett Profit $4002

Stock $50,000

Asking Price. $599,000 + Stock

Reason for sale: Owner has other business interest.