Caltex Avenal and Savoy in Invercargill present a rare opportunity to acquire two businesses and the associated freehold properties.
The combined turnover for the 2020 financial year was in excess of $13M with over 6.5 million litres of fuel pumped. This resulted in a desirable surplus providing a 10% ROI on the Freehold Going Concern package.
The two sites have been well maintained, with both shops having received recent upgrades and improvements to give them a modern and inviting look. Because of this, there is a high tangible asset value of over $730k.
Additional income streams are the 3 car washes, automotive and bottle LPG refills, trailer hire and a high-quality food offering in the form of a bakery.
Key Points (2020):
- Total Turnover $13M+
- Fuel Volume 6.5M Litres
- Carwash Turnover $210k
- ROI 10% on Asking Price
- Asset Value $730k
The current owners work in a managerial/oversight role in the business, meaning a new owner has several options ranging from having the sites fully managed by existing staff or taking a hands on role.
This opportunity is ideal for a rural sector operator looking to diversify income streams, a hands off investor or someone for a fantastic work/life balance.
For more information on this rare offering, contact me today! Alex Ingrosso - 027 815 8156.
Price $4,550,000 + stock
For a confidential discussion please complete our online confidentiality agreement.
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