"Selling your business is our business"
"Selling your business is our business"
How long has the business been established?
The filling station opened in 1998
The businesses in the complex were build later
How long has the owner had the business?
2011
Fully describe this property and its income earning activities.
* Filling station with convenience store / Butchery / Liquor store / Take-a-way / owned and run by the members
* This area caters for fairly busy traffic between the two towns and the general farming and mining community.
* The subject property being outside of town but adjacent to a busy link road and affords ample parking facility
without traffic congestion and falls within a large up-market farming and mining community.
Are there building plans available?
Plans for the building are available
Is a property valuation available?
2 x valuations are available for insight
Describe the Cottage
* 94 m2
* 1 Bedroom
* 2 Full bathrooms
* 1 Office ( fan )
* Open plan living room & kitchen ( AC & fan )
* Braai area
* Large garden
Describe the land , commercial property and improvements
* The total land is 14.4293 Ha
* The land is divided in 2x equal portions by the R 40 between Phalaborwa and Hoedspruit
* On the one 7 Ha portion , the main residence and a cottage are located ( see description below )
* On the other 7 Ha ( with business rights ) the Filling station and the other commercial buildings of 573 m2 (
Butchery / Take-a-Ways / Liquor store /Groceries / Office / Store room )
* 4 Boreholes ( 2 equipped with about 30 000 litre / h )
* Electricity is supplied via 2 x 3 phase Eskom connections
Describe the income earning activities
Constant flow of income via multiple sale points :
* Filling station ( VIVA ) with24/7 Mini Convenience Store
* Liquor Store
* Take-a-Ways
* Butchery
* Grocery Store
Describe the Main house
Main house :
* 381 m2
* 4 Bedroom ( AC & fan )
* 3 full bathrooms
* 2 Living rooms ( AC & fan )
* 2 Kitchens
* 1 Extra Study / bedroom
* Braai area & Lapa
* Laundry room
* Swimming pool
* Fish pond
* Large garden
* Vegetable garden
* 3 Boreholes ( 2 fully equipped )
* Staff quarters - 174m2
* 2 Garages , 2 Carports
* Electrical fence with 2 gates
Describe the Filling station
* Currently it is a VIVA branded filling station ( future arrangements depend on the Business Rescue proses )
* Forecourt with 3 Fuel Islands - each with 6 nozzle pumps
* 1 Truck pump - 2 nozzle pumps
* 5 Storage tanks - 25 000 litre each
* Bathrooms
* Office and store room
* Sales of 114 000 litres per month were recorded in 2022 - to be verified
* Borehole ( not equipped )
* Water tanks ( 2 x 10 000 litre )
* Staff quarters
* Generator
* Compressor
How does the business operate on a daily basis?
The filling station is serving the public 24/7
The convenience store is open 24/7
The grocer / take-away / butchery and liquor store is open to the public from 7h30 to 17h weekdays / 7h30 to 13h on Saturdays / closed on Sundays
The current member and his wife is managing the business operation from a office that is located on site
How are the clients attracted to the business?
The complex is well visible alongside the R40 between Hoedspruit and Phalaborwa
The complex is also well supported by the local farming community , tourists passing by and lodge owners in the area looking for convenience groceries / fuel / meat / liquor
There are many mining trucks using this road traveling towards the coast / Gauteng / Burgersfort area / Polokwane and Zimbabwe
What competition exists?
There is no direct competition on the area
( closest is about 30km away )
What are the seasonal trends?
There are no seasonal trends
Is the property being let by a letting agency?
No , the property is owned by the seller
What are the terms with the current fuel supplier ?
The business is at about 75% of the initial 10 year agreement
The fuel company - VIVA is one of the mayor creditors on the books of the Business Rescue Practitioner( BRP )
The buyer should sign a new agreement or have the option to negotiate with an alternative supplier
Is the business VAT Registered?
Yes , registered
( the BRP need to be consulted regarding this matter )
Are there up-to-date Management Accounts available?
Limited financial info is available - this should only serves as guideline for buyers to consider
How could the profitability of the business be improved?
Investment of capital info infrastructure
Truck stop facilities
Over-night chalets
There is a need for office space
Attract more franchises
What is the total staff complement?
The total staff compliment of the operation is 20 excluding the member and his wife
Give a breakdown of staff/ functions/ length of service?
Note that the staff will be compensated in full before liquidation by the BRP
The staff would like to remain with the business - loyal and many has been with the business for years
The new owner should negotiate new terms with all staff
Are they on contract?
Yes
Do any have management potential?
There are staff with management skills
How involved is the Owner in running the business?
The current member is managing the complex together with his wife on a fulltime basis
The current member would consider to remain involved in the future
When does the current lease end?
No lease - all property and land incumbent in the transaction
Do you require a licence?
Yes
The new owner need to apply for licences with National Department of mineral and energy to operate the filling station - for his own account
The new owner might need to apply with the Liquor board for a new liquor licence to be issued - for his own account
Keep in mind that the current CC might be liquidated by the BRP at the conclusion of this transaction
But we suggest that a bona-fide buyer should enter into negotiations with the BRP to make constructive suggestions for the business plan that would be presented to the Creditors for their approval
What are the main assets of the business?
14ha Land
Property and Improvements
How have they been valued ?
Historic valuations will be available for insight
Are they presently insured?
Insurance will be for the account of the buyer after the effective date
Strengths?
* The property is positioned half-way between Hoedspruit and Phalaborwa on a busy main road
* This is the one of only 2 stops in the area and the only with a garage.
* These de-centralised business nodes with filling stations are specialised properties but fairly sought after.
* Diversified income stream
Opportunities?
With a further capital investment , the opportunity to develop a dedicated truck stop can be explored
The larger farm house can be run as a guest house - or more cottages can be build to rent out as contractors accommodation or overnight lodging for travellers
What is the reason for the sale?
By instruction of the Business Rescue Practitioner
Why is this property a good investment?
This property is well located next to the R40 - between Hoedspruit and Phalaborwa
Diverse income potential - Filling station / convenience store / butchery / liquor store
Neat commercial and residential property
Sub division of commercial / residential portions is an option
Important information all interested buyers should take note of :
* The BRP will only consider cash offers
* Buyers should acquaint themselves with the assets that is on sale
* Financial information available can not be verified - and should be considered as such
* Proof of funds will be a pre-condition before Aldes can engage with interested buyers
The business rescue proses
* Offers from pre-qualified buyers will be presented by Aldes to the BRP
* The BPR will have the sole discretion to present such offers to the Creditors for consideration
* Creditors will vote and need to accept the proposed business plan of the BRP
* Only then the BRP will engage with the successful buyer to conclude the transaction
* In the last stage , the appointed liquidator will conclude the transaction
