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Petrol Station In Nicosia Area For Sale

Nicosia, Nicosia District, Cyprus
Asking Price:
€530,000 Furniture / Fixtures included
Sales Revenue:
€1M - €5M
Cash Flow:
€100K - €250K

This well-established petrol station is located on a very busy road in a major Nicosia suburb.

It has been operating for over 23 years and serves both locals and commuters.

Management can stay on if needed, the new owner does not have to personally manage the station.

The station sells 95 & 98 octane petrol, Eurodiesel, Heating Oil and Kerosene.
95-octane: 6 pumps
98 octane: 4 pumps
Diesel: 8 pumps (incl. a fast pump for trucks & buses)
Heating Oil: 2 pumps
Kerosene: 1 pump

Average annual fuel sales are 3,3 Million litres.

A heating oil delivery truck (capacity 6,5 tons of heating oil) is included in the sale.

Property Information

Real Estate:

Lease

Lease Terms:

Leased from a major multinational oil company. Long term lease.

Leasehold Rent:

€19,200 per annum

Location:

On a major road within a populous suburb of Nicosia. The road connects the suburb to a large industrial area outside Nicosia and has heavy traffic all day.

Premises Details:

Modern petrol station with the latest technology. Has 5 tanks / 20 pumps, a shop, car wash and garage for oil change and simple service jobs.

Size in square feet:
11,000
Planning Consent:

Licensed Petrol Station.

Business Operation

Expansion Potential:

As in all petrol stations, expansion is possible by capturing more clients for petrol, car wash ot shop sales/

Competition / Market:

This is the first Petrol Station coming into the suburb from the South (from the industrial areas). It is extremely unlikely, if not impossible, for a new station license to be issued in the whole suburb.

Reasons for selling:

The owner has another family business that he needs to attend to.

Trading hours:

As allowed by Law in Cyprus + 24-hour self-service

Employees:
6 incl. Manager
Years established:
23

Other Information

Support & training:

One of the existing employees is fully trained as a Manager and can stay on.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Up to 200000 Euro may be deferred for 3 years, subject to providing satisfactory security

Furniture / Fixtures value:
€6,000 - included in the asking price
Inventory / Stock value:
€50,000