$749,000 + SAV
About this opportunity
This recently renovated freehold service station has loads of potential. Previously closed for 15 years the owner operator decided to reopen the site within the previous 2 years and already has achieved a $2.0m plus turnover.
Why should you consider this opportunity?
This great business opportunity ticks a lot of boxes:
- Freehold purchase including 3 bed managers residence
- 1000 m2 Block
- Recently Renovated
- New Tanks
- Good Cash Flow
- Approximately $40,000 per week turnover
- Provides a great lifestyle
- Easy access
- Corner location
- Growing Customer Base
- No Fuel Supply Contracts
- New Tanks – Diesel / Vortex Diesel / Unleaded 91 / 98
- Good scope for improvement
- Easily run
- Experienced staff
- Trades 7 Days per week
Collinsville has slowly start to boom in the last 12 months and is set to boom a lot more with the announcement to open up of the Galilee Basin to coal mining which Collinsville is the gateway to. Adani is the start of this followed by another Rhinehart mine which will dwarf Adani. Coal shipped from the Galilee Basin will go to the Abbott Point coal loading facility which is approximately 25kms north of Bowen.
This recently renovated site will be sold with 1000m2 freehold property including a large 3-bedroom unit which has also been renovated to new condition. To enhance the site even further the adjacent house next to this site could be purchased to allow for heavy vehicle access. As part of the renovation and due to the site being closed for 15 years previously the tanks were removed and replaced with a new single tank with 4 compartments.
Currently the site has a growing weekly turnover of approximately $6000 per day including fuel which represents 65% and food with cigarettes just been added. The owner has included a café area which is becoming the go to place for coffee bringing in many daily regulars. The business is owner operated with 1 other committed staff member working split shifts. Should the new owner be part of a bigger business choose to expand the business further the site could have a residing onsite manager
Fuel supply is through the Caltex distributor who have supplied the bowsers, console giving the ability to accept Caltex card. There is no formal agreement in place which allows for great margins on diesel & unleaded.
The current owner really wants to retire and relocate, this will allow the new owners to treat the business as a blank canvass or trade on regardless using the systems and procedures in place.
This great opportunity is very affordable making for easy entry to a great business that still has great potential. The seller will offer a generous handover period and if necessary, also offer a trail period to justify the business to allow you to trade profitably from your very first day.