PETROL STATION IN NICOSIA
|| , Nicosia, CYPRUS
|Type of Tenure:
|Gross Profit Margin
|Stocks (at cost)
||to be added to price
|Reason for Sale
This Petrol Station is one of the largest and best known in Nicosia with a trading history going back 15 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 2017 for all types of fuel were about 2,9 Million Liters. In addition the Station has income from a Shop, 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).
Net Profit of the Petrol Station Operator is around EURO 72.000 after deducting all expenses. The Asking Price is set at 6,5X Net Profit, 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.
- 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.