Caltex Service Station - $800k+ Cash Surplus

Dunedin

$3,500,000

Proposed Usage
Services
Description:
Property ID
1c3xkzz

Don't miss this one of a kind opportunity! Caltex Queenstown is on the market and presents one of the best investments in the industry.

The performance for the 2018 financial year resulted in a turnover in excess of $16m with profits of over $800k! Historically the site has consistently pumped over 7 million litres of fuel and produced a high six-figure surplus.

The site itself has been well maintained, with a refit completed in 2010. Some site items are much newer, with the most recent installation of new dispensers being done in November 2017.

The shop is very tidy, with a high-quality food offering that sets this site apart from the competition. Additional income streams currently on the site are the touchless car wash, LPG refills (only providers in Queenstown that do this), coin-operated vacuum, trailer hire, and overseas money transfers.

The current owners work in a managerial role in the business. The reason for sale is they have been in the industry for over 33 years and it's now time for them to take a step back and spend more time with family.

For more information on this premium opportunity, contact me today! Alex Ingrosso - 027 815 8156.

Price $3,500,000 + stock (c. $200,000)

ROI (at asking price) c. 23%

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