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UNITED PETROLEUM – NOTTING HILL

350 Ferntree Gully Road Notting Hill 3168
EOI

Description

PETROL STATION & CONVENIENCE STORE

This United Petroleum is a modern service station and convenience store located right in the heart of Notting Hill on busy Ferntree Gully Road which sees over 25,000 cars passing daily. The business’s convenient location is on the southern side of Ferntree Gully Road catering to traffic heading into the CBD and is under 1.2 kilometres to the entrance and exit ramps for the Monash Freeway (M1). Conveniently located on the corner of Howleys Road and Ferntree Gully Road, the site is located right next to Monash University and is constantly feeding the businesses located nearby as well as the vast array of commercial and industrial tenants and occupiers in the surrounding area.

United Petroleum is one of the fastest growing companies in Australia. They are an independent, 100% Australian owned and operated fuel and convenience company with over 500 sites Australia-wide, offering its customers premium quality fuels and convenience products at competitive prices. The business is run under full management with a reliable team in place and weekly wages sitting around $1975, which could be significantly reduced if the purchaser is an owner-operator. The business currently operates until 9pm weekdays and 6pm on weekends, however, these trading hours could be extended to 24 hours 7 days a week very easily, as casual staff hire is no issue with the business being adjacent to Monash Clayton as students are always looking for casual employment to complement their studies. By extended the business to a 24/7 operation, it is likely to push annual revenue towards the 4-5 million mark.

The site generates average fuel sales between 120,000 & 133,000 litres a month and convenience store sales of around $34,000 per month and with strong margins on both. There is also an unused space within the convenience store that has the potential to be converted into an onsite cafe and either subleased for an annual rent of $25,000 or owner/operated to add to current revenue stream of over $2.6 million pa. The business is scheduled to have over $200,000 worth of fitout upgrades, guaranteed to be completed within the next 12 months at no cost to the incoming purchaser. Service Stations as good as this one are rare and in high demand – this one will go fast. Call Marc 0412 359 907, an inspection will impress!

BUSINESS HIGHLIGHTS:
• Annual sales of $2.6 million FY22 and on track to hit $3 million FY23
• Very healthy and consistent net profit
• Currently run under full management
• Monthly fuel sales over 120,000 litres with an average of 25 cents per litre margin profit
• Monthly shop sales of $32,000 to $36,000 with potential to grow further
• Huge growth potential for a savvy owner operator
• Opportunity to extend trade to a 24/7 operation to increase annual sales to $4-5 million
• 20 year lease commenced in 2019
• Annual rental approximately 5% of gross turnover
• Truck Friendly with a canopy height of 4.7m
• Prominent location on Ferntree Gully Road – huge passing traffic
• Currently open until 9pm weekdays and 6pm on weekends
• One of the most sought after service station brands on the market
• Refundable R&D tax incentives of over $66,000 approx. annually

EOI invited
Call Marc 0412 359 907

  • 350 Ferntree Gully Road Notting Hill 3168, Melbourne, Australia
Marc Di Genova
Marc Di Genova
0412 359 907
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