North West NW112

Petrol Station AUCTION Including Property – North West

BIDS CLOSE: WEDNESDAY, 9 APRIL 2025 FROM 11H00

This is a rare opportunity to own an established site with enormous potential and limitless possibilities for the ideal investor. The owners have successfully run this site for many years.

Few competitors are operating in the area, giving this business a major advantage.

The site can be improved significantly with modernisation and innovation regarding expanding multiple income streams. Special mention must be focused on the growth potential of the convenience store, which has the potential to radically transform this business and increase literage.

In addition, the site is ideal for a franchise outlet (fast food/refreshment, etc.). The size of the site supports growth and is a prime opportunity for an operator to implement improved management systems and increase revenue streams exponentially, Total Extent ± 5710 m2.

The fuel station pumps approximately 144000ℓ petrol and diesel per month (RAS Margin):

Unleaded 93 – 34000ℓ pm (2.12c p/ℓ)

Unleaded 95 – 46000ℓ pm (2.12c p/ℓ)

Diesel 10ppm – 64000ℓ pm (2.00c p/ℓ)

There is 1 x 23000ℓ Tank (Unleaded 95), 1 x 14000ℓ Tank (Unleaded 93) & 1 x 23000ℓ Tank (Diesel 10ppm).

Forecourt sales on average per month:

Oil Sales: R21,000.00

Wood & Charcoal: R3,500.00

Store figures:

The growth potential for the convenience store is massive. The current turnover in the convenience store is ± R240,000.00 with airtime sales ± R110,000.00 on average per month.

The seller has a supply agreement in place with Sasol to supply fuel for another ±2 years with an option to renew for an additional 10 years.

UPSIDE OPPORTUNITY POTENTIAL

There is a massive upside opportunity potential to increase revenue in these areas of the business:

Franchise / Food Preparation Outlet: Fast Food / Refreshments.

Increase Diesel literage by utilizing undeveloped land as a stopover for bigger trucks.

Drive Thru Convenience Store.

Service / Repairs Workstation: There is a workshop/workstation on site that is not being utilized. There is an upside opportunity for the new owner to add this cost centre.

Car Wash: An owner-operated car wash could be opened and would increase the revenue.

Currently, there is no space being rented out as the entire building is being used for storage purposes:

Car showroom (±210m2)

2 x shops (±30m2 & 50m2)

Large workshop (±400m2)

ASSETS BELONGING TO THE SELLER

Buildings

Land

Canopy

Generator (60kva 3 phase)

ASSETS BELONGING TO SASOL

Pumps

Underground Tanks

ATG’s

Site Controller

Sasol maintains and services all of the above-mentioned equipment. Rental is charged at 7c P.L.

All the signage belongs to Sasol.

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.

Commission

A property practitioner is not entitled to a commission unless he/she is registered and possesses a valid FFC

The following juristic and natural persons are defined by section 1 of the Act as property practitioners, Agents, Business Brokers, Consultants, Advisers, Agency, Accountants, Attorneys, Auctioneers, Bridging Financer, Bond Brokers, Developers, Homeowners Associations, Managing Agents, and Time Shares, (note, without limiting to same).

The Property Practitioners Act came into effect on the 1st of February 2022. Sections 47 and 48 of the Act compel property practitioners including its Directors, Members or Trustees, and all employees who act as property practitioners to obtain and hold a valid Fidelity Fund Certificate (FFC) which must be applied for from the PPRA.

Section 48 of the Act effectively bars a property practitioner from rendering services as a property practitioner if he/she does not possess a valid FFC and Section 56 dictates that a property practitioner is not entitled to the commission unless he/she is registered and possesses a valid FFC.

Furthermore, Section 48(4) stipulates that a property practitioner who receives a commission in the absence of the certificate as mentioned above will be required to pay back the commission immediately upon receipt of a written request. Conveyancers are prohibited from paying commissions or monies unless a property practitioner produces a certified copy of their FFC.

Operating without a fidelity fund certificate can result in a property practitioner being found guilty of an offence under section 48(5) of the Act.

If there is any doubt as to whether or not juristic and natural persons are defined by section 1 of the Act as property practitioners have a valid fidelity fund certificate, do not hesitate to contact the Property Practitioners Regulatory Authority https://theppra.org.za/ or your Attorney to confirm and verify the registration status.