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UNITED PETROLEUM – NOTTING HILL

350 Ferntree Gully Road Notting Hill 3168
$790,000 - $860,000

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 currently generates average fuel sales between 120,000 – 133,000 litres a month and convenience store sales of around $25,000 per month (projected to grow to $34,000 per month by 2023) and with strong margins on both – this is based on only 79 hours of trade a week. This figure will be significantly increased once the new business plan kicks in to increase trading to 168 hours a week which is forecasted to increase annual sales to over $3,700,000pa. 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 $24,000 or owner/operated to add to current revenue stream. The business is also 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 still with huge upside are rare and in high demand. Call Marc 0412 359 907, an inspection will impress!

BUSINESS HIGHLIGHTS:
• Sales of $2.6 million pa based on 79 hours of trade a week
• Forecasted annual sales of $3,700,000+ for 2022/23 with 168 hours of trade a week in effect
• Business plan ready to be placed into effect immediately to increase net profit to $400,000 pa
• Run under full management also suitable for visa purposes
• Average monthly fuel sales of 133,000 litres with an average of 25 cents per litre margin profit
• Average monthly shop sales of $25,000 with potential to grow further
• Huge growth potential for a savvy owner operator
• 20 year lease commenced in 2019 and excellent rent
• Truck Friendly with a canopy height of 4.7m
• Prominent location on Ferntree Gully Road – huge passing traffic
• One of the most sought after service station brands on the market
• Refundable R&D tax incentives of over $66,000 approx. annually

PRICE: 790,000 – $860,000 + Stock
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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