This fuel station represents a superb investment opportunity for owner operators and investors. The current owners have undertaken a significant range of impovements, particularly in the area of kitchen equipment and new menus. This enables the preparation of high quality, high margin food which is in constant demand.
• Revenue exceeds $5m and has been consistently growing over the last 5 years
• Fuel represents 54% of revenue whilst Food represents 78% of profit
• Net profit approx $850,000
• ULP sales 450,000+ Litres per year
• Diesel sales 900,000+ Litres per year
• Manager oversees daily operations with backpackers undertaking routine work
• Can be run under full management
• Revenue has more than doubled in the last 5 years
• Profit has more than tripled in the last 5 years
• Operating hours 6 ½ days per week
• Fuel sales 24 hours per day with pay at pump equipment
Operating with minimal competition, the business is well established with a high volume of non-fuel revenue which significantly boosts profit. The leasehold premises have a strong and affordable lease, with atractive options to renew and the separate landlord has also indicated he would be prepared to sell the freehold.
Within the area are large mining and construction projects continuing to drive increases in revenue and profits in addition to local business. Several large projects are expected to start in 2023 , leading to a further increase in revenue, both fuel and food. The business is the preferred supplier of food for many businesses, including the local Shire, Govt Agencies, Mining and Construction Companies and Indigenous Corporations.
The business is well staffed including a daily manager. The 1 ½ owners are responsible for food preparation and basic administration. Allowance has been made in the complete addback schedule to replace the owners, therefore the profit of approx $850,000 represents UNDER MANAGEMENT profit to a new owner.
Asking price: $2.2m including all plant & equipment, stock and goodwill.
Contaact Martin 0458 290 100 for full details.