Listing ID: GP317
Petrol Station for Sale R29,000,000 - Property Included
Diesel Depot for Sale, Property Included.
Diesel depot for sale, East Rand, includes property. No BBBEE, open to all races. Diesel tank storage 302 000 litres. Total litres from 1 March 2024 to 28 Feb 2025 are 12,076,605 Litres, average of 1,006,383 litre per month. Turnover is R236,218,000.00 for the year. Nett Profit R10,860,039.00 for the year, or R905,003.25 average per month. ROI of 54%. Price R29.0 mil includes property of R6.0mil and assets of +- R3.0 mil. Excluding stock R1,5 mil. Total selling price R30,5 mil includes stock. A few of the assets includes 2007 Isuzu F800 6500 rigid, 2017 Hino 500 18000 rigid, Bowser Trailor 2500 new tank, Bowser Trailor 2500 etc. A applicant will show and provide proof of the necessary cash funds from your bank to pay the monies associated with this transaction. The Seller has insisted that only CASH BUYERS will be considered. PLEASE NOTE: – NO INQUIRY will be entertained UNLESS you MEET the above Criteria. Due to the popularity of this listing, the overwhelming responses and the daily avalanche of emails and voice messages thereto, you will be required to complete our Non-Disclosure Agreement and to provide us with “proof of cash” from your bank or financial institution for you to be privy to any information financial or otherwise.
Interested in this Business
NO information financial or otherwise on any of our listings will be made available to prospective buyers unless they fully comply with the following;
Cyrus Business & Property Brokers mandated with the sale of this opportunity was specifically requested by the Seller not to divulge any information about what is being sold under this listing before obtaining proof of funds from your financial institution (bank), auditor, or lawyer;
Due to the popularity of this listing, the overwhelming responses, and the daily avalanche of emails and voice messages thereto, you will be required to register as a buyer, complete our Non-Disclosure Agreement, and provide us with “proof of funds” from your bank or financial institution for you to be privy to any information financial or otherwise;
Upon receipt of your Non-Disclosure Agreement and proof of funds, you must be prepared to visit us, we want to meet you in person, where all information will be conveyed without delay.
Confidentiality Information and Viewing
The Seller/Owner desires to maintain the confidentiality of information financial or otherwise of their business and does not want their competitors, employees, suppliers, customers, and others to know they are selling their business. It is thus extremely important that the business is protected from this at all times and can only be viewed by appointment through Cyrus Business & Property Brokers.
Disclaimer
All information has been provided by the seller and needs to be re-verified by the seller. Cyrus Business & Property Broker makes no representation of its accuracy does not certify or make any warranties of any of the information provided and has not verified any information. It is strongly advised that you and/or your accountant review all information and do your due diligence before the closing. Information is subject to change without notice.
Requirements
Please note that all information is strictly confidential and will only be shared with individuals who meet the buyer criteria set by Cyrus Brokers. Interested buyers must submit the following documentation upon inquiry to receive the listing location and address:
- Sign a Non-Disclosure Agreement (NDA)
- Proof of identification
- Submit a “proof of funds letter” from your financial institution confirming the availability of unencumbered funds to purchase the business.
For more details on this business opportunity, please get in touch with us or complete the NDA below if applications are open.
Non-Disclosure Agreement
Commission – A property practitioner is not entitled to a commission unless he/she is registered and possesses a valid FFC
Understanding Commission in the Context of the Property Practitioners Act
The commission forms a crucial aspect of compensation for property practitioners across various sectors, but its entitlement is strictly regulated under the Property Practitioners Act, which came into effect on February 1, 2022. This legislation imposes significant requirements on practitioners, ensuring transparency, accountability, and legal compliance in their operations.
The Definition of Property Practitioners
According to section 1 of the Property Practitioners Act, property practitioners encompass a broad spectrum of individuals and entities involved in property-related transactions. These include agents, business brokers, consultants, advisers, agencies, accountants, attorneys, auctioneers, bridging financiers, bond brokers, developers, homeowner’s associations, managing agents, timeshares, and others involved in property dealings, whether as natural persons or juristic entities.
Requirements for Commission Entitlement
Central to the Property Practitioners Act are sections 47, 48, and 56, which outline stringent conditions under which property practitioners are entitled to receive commission:
Fidelity Fund Certificate (FFC):
Mandatory Requirement: Sections 47 and 48 of the Act mandate that all property practitioners, including their directors, members, trustees, and employees acting as practitioners, must hold a valid Fidelity Fund Certificate (FFC).
Prohibition without FFC: Section 48 explicitly prohibits any property practitioner from rendering services unless they possess a valid FFC issued by the Property Practitioners Regulatory Authority (PPRA).
Commission Entitlement:
Conditional on FFC: Section 56 states unequivocally that a property practitioner is not entitled to commission unless they are registered with the PPRA and possess a valid FFC.
Repayment Obligation: Section 48(4) imposes a strict requirement that any commission received by a property practitioner without a valid FFC must be repaid promptly upon request.
Verification and Compliance:
Certification Requirement: Conveyancers are prohibited from disbursing commissions or any related funds unless the property practitioner presents a certified copy of their FFC.
Legal Consequences: Operating without a valid FFC, as per section 48(5), constitutes an offense under the Act, subjecting the practitioner to potential legal penalties.
Importance of Compliance and Verification
Given the legal implications and strict enforcement mechanisms outlined in the Property Practitioners Act, it is imperative for all stakeholders—whether they are property practitioners, conveyancers, or clients—to ensure compliance with these regulations. Verification of a practitioner’s registration status and FFC validity should be undertaken through the PPRA’s official channels or legal counsel to mitigate any risks associated with non-compliance.
How to Verify Registration Status
To verify whether a property practitioner holds a valid FFC, stakeholders can visit the PPRA’s official website (https://theppra.org.za/) or consult with legal professionals who specialize in property law. This verification process is crucial for safeguarding against potential legal disputes and ensuring that all parties involved in property transactions adhere to the regulatory framework established by the Act.
Conclusion
Commission remains a fundamental component of compensation for property practitioners, incentivizing performance and driving business within the industry. However, under the Property Practitioners Act, entitlement to commission is strictly contingent upon the practitioner’s registration status and possession of a valid FFC issued by the PPRA. Non-compliance with these regulatory requirements not only jeopardizes a practitioner’s entitlement to commission but also exposes them to legal consequences outlined in the Act.
By understanding and adhering to the provisions outlined in sections 47, 48, and 56 of the Property Practitioners Act, stakeholders can ensure transparency, ethical conduct, and legal compliance in all property-related transactions. For further guidance or verification of registration status, stakeholders are encouraged to utilize the resources provided by the PPRA or seek legal advice to navigate the complexities of commission entitlement under this regulatory framework.
