R 6 500 000 | business property for sale in pietermaritzburg central

This long-established Service Station Business is for Sale and is situated on a busy road in central Pietermaritzburg. The present Covid Fuel Sales are - 177 000 1pm and the Non-Franchised Shop Sales are - R 490.000 per month. (Prior to Covid, the Fuel Sales were - 230.000pm and the Shop Sales were - R 600 .000 per month). The present Nett Profit of the Business is -R 89.500 per month. The Selling Price is R 6.5 million and the Total Funding Requirement needed to acquire this Business is R 8.7 million of which you MUST HAVE CASH READILY AVAILABLE OF R 4.5 MILLION and be able to RAISE FINANCE for the BALANCE of R 4.2 MILLION. The Lease period is directly with the Oil Company and there is still -8 years left on the current lease, with the option to re-negotiate a renewal period of 1 x 5 years. PLESE NOTE THE FOLLOWING :- 1.) Only qualified B.B.B.E. applicants who will own a minimum of 51 % share of the Business will be considered by the Oil Company. 2.) NO details, information documentation or Site Location will be provided unless you MEET the above criteria as will be required by the Oil Company, the Seller as well as most Financial Institutions.