Caltex Service Station - $250k Cash Surplus

Christchurch City

$2,950,000

Proposed Usage
Services
Description:
Property ID
1c1g3y0

Caltex Kaikoura has long been a part of the local community on the peninsula. Having been in the station for over 20 years the current owners are now looking to retire and enjoy a rural lifestyle.

Despite having suffered several setbacks caused by natural events over the past 18 months, the station has survived remarkably well and from a financial perspective has weathered the storm. As expected, the 2017 figures showed a significant drop, only turning over $4.75m. The 2018 accounts, however, are on track to show an almost record result for the businesses. This means the year end accounts are looking more akin to 2016 in terms of performance, where turnover exceeded $6.35m and the cash surplus to the owners was over $250,000.

The station underwent a refurbishment approximately 12 years ago, where all new signage, canopy, shop fit out and accessories were installed. Following the earthquake the site was inspected and the tanks tested, all was deemed to be in full working order.


For more information please contact James or Alex.


The total asking price is split as follows:

Business:
Asking $1,350,000 + estimated stock of $180,000

Freehold:
Asking $1,600,000 + GST if any


Note: The freehold is not available for purchase unless the business is sold.

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