Established Diesel Truck Stop with Property In Natal For Sale

Description

Situated on the N3 in Natal, this established truck stop operates as an independent “white label” site.The business is being sold together with the 13-hectare property on which the truck stop is developed. The operation employs 28 staff members.Financial Highlights:* Profit Before Tax for FY ending June 2022: R12.2 million* Projected Profit for FY ending June 2023: R12.6 million* EBITDA for FY ending June 2023: R13.2 millionThe business operates through two main revenue streams:Overnight Truck Parking:* Current parking capacity: 370 trucks* Existing parking area size: 52,250 m²* Parking fee: R150 per night (including VAT)* Average monthly truck parking volume: Almost 10,000 trucks* Average nightly occupancy: More than 330 trucks* Parking revenue growth: More than 12% year-on-year for the past three yearsDiesel Sales:* Operates under a retail diesel licence* Direct diesel sales: Approximately 400,000 litres per month* Margin on direct diesel sales: Approximately R1.20 per litre* Third-party consignment diesel volumes: Approximately 600,000 litres per month* Handling fee received on consignment volumes: R0.34 per litreThe business owns all equipment located on site, including:* 500,000-litre storage capacity* 2 x 83,000-litre storage tanks* 6 x 46,000-litre storage tanks* 6 x bowser units* Pumps* Canopy infrastructure* Additional operational equipmentDiesel is purchased directly from wholesalers on a cash-on-delivery basis. No long-term supply agreements are currently in place with any wholesaler.