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Service Station for Sale in Pietermaritzburg

Service Station for Sale in Pietermaritzburg

Pietermaritzburg - Pietermaritzburg, KwaZulu-Natal

R 6 000 000

Average Volumes (Litreage):400,000 litres per month

Average Store Turnover:R 600 000

Return on Investment:39%

Average Net Profit:R 195 000

A brand new service station awaits. Situated on a busy intersection on a major route in the Pietermaritzburg area of KZN. This site has all the potential from one of the countries best known branded oil companies. It has a convenience store branded by one of the countries most trusted household brands as well as a coffee offering by an international coffee brand. This opportunity to own a new to industry site is an investment not to be missed. Land not included, lease directly with oil company. Projected volumes were calculated using traffic count as well as industry data supplied by the oil company.

Preference may be given to PetroCONNECT Readiness Programme candidates. CLICK HERE To join our next programme.

The closing date for applications for this site is 18th November 2019.

Before responding to this advert please take note that neither PetroCONNECT nor the oil company will entertain, respond or communicate further with you in respect to this advertisement unless you comply with the minimum requirements set out and requested.

Due to the number of enquiries we receive on a daily basis, please allow for a turnaround time of 48 working hours to respond to your enquiry.

All rights reserved regarding information distribution for this listing.

For more information on this business opportunity, kindly complete the form below.

  • Representing both the interests of buyers and sellers, we seamlessly facilitate a preliminary analysis of financials, a comprehensive valuation, listing and sales process of your site from start to finish. 
  • By prequalifying buyers through our Academy, presenting and marketing the site professionally, assisting the buyer with finance applications, business planning, oil company approval and fuel retail license approval, we fast track the sale process to the benefit of all parties involved. 
  • Furthermore, our advisors offer long term financial planning services to sellers exiting and buyers entering the industry. We work on contingency and have a vested interest in the successful conclusion of the sale.
  • Kindly note that all information is strictly confidential, and information will only be made available to those who meet the PetroCONNECT buyer criteria, which includes documentation for pre-qualification.  
  • Any interested buyers will be required to provide the following documentation on submission of enquiry:
  • 1) Complete and Sign a Non-Disclosure Agreement;
  • 2) Complete an Information Form providing details about the prospective purchaser; and
  • 3) Provide an acceptable “proof of funds letter” issued by the purchaser’s financial institution confirming that unencumbered funds to purchase the business are in place.
  • Call us for more information on this business opportunity or complete the form below.

- Most Oil Companies operating in South Africa may require 30-51% minimum black African ownership on company-owned service stations, in-line with the industry's proposed Transformation requirements and the Liquid Fuel BBBEE Sector Codes as tabled by the Department of Energy (DOE). As per oil company requirements, preference will be given to BEE candidates.
 
- PetroCONNECT frequently consults with key industry bodies (such as the Fuel Retailers Association) and regulators, and we anticipate the implementation of new legislation within coming months. 

 - To read more about the proposed sector codes and changes in legislation, visit our website https://petroconnect.co.za/blog/the-petroleum-and-liquid-fuels-sector-bbbee-codes-demystified-part-1 *We wish to create awareness that Transformation is applicable to all racial or ethnic groups, and that fuel retailers are not automatically compliant based on ethnicity alone.*  
 
- PetroCONNECT celebrates sustainable transformation in the South African fuel retail industry, and we take a pro-active role in guiding all industry players and fuel retailers on transformation solutions or strategies.  PetroCONNECT has a pool of pre-vetted BEE compliant aspirants who are eager to join the industry, cultivated through PetroCONNECT Academy. 

- For more info on transformation, please see www.petroconnect.co.za/transformation

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