business

CY0334L

PETROL STATION IN NICOSIA

  
Business Type: Petrol Station
Location: Greater Nicosia, Nicosia, CYPRUS  
Type of Tenure: Leasehold
Business Reference: CY0334L
Asking Price: € 285.000
Annual Turnover €3.700.000
Monthly Rent €4.400
Stocks (at cost) To be added to price (about 60.000 value max.)
Reason for Sale Other Business
Accounts Available Management 2019
Years Established 17
Incorporated Business Limited Co
Car Parking 20 spots
Vendor Financing Negotiable
Full-time Employees 7
Part-time/Seasonal Employees 0
 

Description

This Petrol Station is one of the largest and best known in Nicosia with a trading history going back 17 years.  

It is located on a very busy avenue in a densely populated area and has both steady clients and passer-by business.

Total Sales in 2019 for all types of fuel were about 2,6 Million Liters. In addition the Station has income from Shop sales, Car Wash and De-greasing. 

The Station also has a separate Car Service facility and can provide automotive repairs & servicing (a licensed car mechanic needs to be employed or sub-contracted).

Profit before taxes for the Petrol Station Operator is around EURO 76.000 after deducting all expenses. The Asking Price is set at 4X Net Profit Before Tax, which is well below the going rates for good Petrol Stations in Cyprus.

The contract between the Petrol Station operator and the Oil Company is of indefinite duration, while the land lease has another 15 years before renewal is needed.  

 

Fuel Tanks

  • 95-οctane petrol: 50 tons
  • 98 οctane petrol:15 tons
  • Automotive Diesel: 40 tons
  • Heating Diesel: 20 tons
  • Kerozene: 15 tons

Pumps (Number of Pumps)

  • 95 octane: 8
  • 98 octane: 4
  • Automotive Diesel: 10 (one of which high-volume)
  • Heating Diesel:2 (one of which high-volume)
  • Kerozene:2 (one of which high-volume)

Car Wash: Brand new, automatic touchless car wash system (total cost EURO 125K including the car-wash building)

Convenience Store: The station has a convenience store with car accessories and the usual convenience store items for sale.
 

Photos
  • The present business is offered for sale by DealMasters.  Any information downloaded or printed is intended strictly for private use by you as a Registered User of our web-site; it may not be copied, published or distributed in any manner. 
  • You are advised that this is a confidential sale, therefore no direct approach to the business owners or business premises should be made and all viewings should be arranged through DealMasters. 
  • Prior to disclosure of the identity of the business and/or its owners, business financials and other operational details, interested parties will sign the standard Confidentiality Agreement, which can be downloaded here or sent to you by fax upon request.
  • We do not perform any due diligence on businesses for sale, business owners, or the information provided by them.  Such information is passed on by us without any guarantee or responsibility. Interested Buyers are strongly urged to perform thorough due diligence prior to acquiring a business
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