Fuel for savvy investors
A Caltex service station in Taupo is on the market for sale.
The business, which had a turnover of $7.5 million last financial year, has a fixed price of $1.725 million.
ABC Business Sales brokers Alex Ingrosso and Scott Laurence say the business is a "top-notch, blue chip investment opportunity in one of New Zealand’s most beautiful locations".
The business employs 10 people at present, say the brokers, and is equipped to run with relatively minimal "hands-on" owner involvement, allowing potential buyers to focus on business development, strategy and growth.
“The current owner is predominantly focused on managing the gas delivery side of the business as the staff look after the fuel and retail side,” says Ingrosso. “It’s a high growth area.”
The home gas delivery business is one of several additional income streams currently on the site. Others range from the automotive and bottle LPG refills through to trailer hire and convenience shop sales.
Ingrosso says average weekly food and drink sales are high.
“For a new owner looking to grow there are always new products, takeaways and other trends to follow. There is also an opportunity for a carwash to be added to the site, which has ample space for future development, and would be a great addition to the site and customer offering,” says Ingrosso.
Scott points out that the gas delivery side of the business has been growing “consistently and quickly”.
“It’s a real area of opportunity and growth for the business and is an area a new owner can do very well from. Carwashes also do very well so a new owner should actively look at developing that opportunity on site,” Scott says.
The freehold property is also available for sale with the business.