Post Office, Fuel Station & General Store with Residence For Sale Coastal WA, Coral Coast, Leeman, WA 6514

$220,000Calculate Payment

Plus Premises with Residence $390 000, PSAV (approx $60 000), VENDOR TERMS OFFERED  |  SWBB LISTING No # 942

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Business Information

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Fuel Station, Post Office & General Store with comfortable Residence For Sale

Vendor Terms Offered

Located on the beautiful WA Coast is this Service Station with 24hr fuel facilities, Licensed Post Office and General Store situated about 3 hours from Perth in Leeman.  Originally opened in 1973 as a Petrol Station this business has evolved into a one-stop-shop for the local community and tourists ideally positioned approx 200m from the boat ramp & beach.

The business received a comprehensive makeover in 2014/15 timed with the beginning of a new association with United Petroleum.  The owners invested significant capital bringing the premises up to date and made the following improvements:

  • new underground fuel tanks
  • an additional fuel bowser
  • Hi-flo diesel bower (being installed imminently)
  • 24hr fuel facilities with outdoor payment terminal
  • vending machine
  • a 3 bedroom residence with modern kitchen, bathroom/laundry and spacious living area.
  • upgraded electrics with new power board
  • a new roof for the shop
  • a backup generator
  • new post boxes
  • new directional signs on Indian Ocean Drive
  • An exterior repaint in United Petroleum livery
  • New fencing, gates & shade sails
  • Repainted the office and new floor coverings installed

Revenue has been very positively affected by the upgrades with FY16 almost double the revenue of the prior year.  Additionally there has been an additional 34% increase in revenue for FY17 (draft figures).  Further illustrating the benefits of the improvements the business was awarded Runner-up for the Australia Post Retail Award in the Northern Network for 2016.

The business has a varied range of products including fuel, a full complement of Australia Post products including printer cartridges, mobile phone accessories, gift cards and recharge cards, giftware & toys, essential grocery lines, cigarettes, frozen food, fishing tackle and bait, coffees & cold drinks, confectionary & ice creams and newspapers.

The business asking price is $220,000 +SAV (approx $60,000) plus Premises with 3 bedroom Residence $390,000. Vendor Terms available:  payment at Settlement – Business $280,000 plus Property & Residence $195,000. Then the balance of $195,000 paid over 5 years at bank interest (as agreed with the seller). Call Wayne Cooper for more information on 0407 997 777 or email cooperw@swbb.com.au.

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Location Information Shire of Coorow Website

Coral Coast Tourism Website

TripAdvisor Leeman

 

Approximate Business Location

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