Business For Sale

This is a first rate opportunity to purchase a successful diversified business that has stood the test of time (60+ years).  The business and associated freehold property are being offered for sale as a freehold going concern.

Snapshot:

*    Enjoys one of the highest fuel margins in the country
*       Autonomous business structure
*       Only fully integrated service station, and automotive servicing and repair business in town
*       Resource Consents in place for further expansion
*      Freehold gives secure tenure of site in a town where commercial  land use is exceedingly restricted by District Zoning rules
*       Two bedroom detached home
*       High visibility corner location

This business is the only fully integrated service station and automotive servicing and repair business in Coromandel. The nearest other fully integrated service station is in either Whitianga (45 km) or Thames (54 km). Because of the local topography, driving to either of these other towns will take approximately 45 to 60 minutes.

The main revenue streams are derived from:

-    Supply of petroleum products
-    Automotive workshop
-    Vehicle servicing and repairs
-    Tyres
-    Warrant of Fitness
-    Convenience Store

As part of the owner's strategic vision for the business, they made the tactical move in 2004 to become more autonomous. Along with establishing a fuel supply contract with GAS they purchased their own fuel tanks and pumps making them truly independent. A further part of the owner's strategic plan for this business entity has been to set in place the possibility of further increasing the revenue through capital investment. To this end, they have been successful in securing a Resource Consent/Land Use Consent for building additions to the existing workshop.

Astute purchasers will recognise the enormous value of already having in place the necessary consents which will allow them, should they choose, to immediately add additional value to the business and freehold property.

The buildings and improvements include a combined service station/workshop/retail outlet, associated pumps and tanks, a two bedroom Art Deco style home, sheds, fencing and hard landscaping.

Layout of the service station consists of a workshop with two drive-in entrances, forecourt and pumps, retail shop, office, cloak room, store room, staff room and staff restroom facilities.

Layout of the house consists of kitchen, dining room, two bedrooms, separate lounge, laundry, bathroom and toilet.

A Business Information Memorandum will be available to qualified buyers including financial statements, details with regard to the Resource Consent including plans, and a Land Information Memorandum (LIM Report).