For Sale: $1,150,000
Business Overview
This immaculately presented, automotive business is well established trading longer than 15 years with the same owner, who is selling due to retirement. The business features a mix of repeat and loyal customers for both commercial vehicles, fleets, and private vehicles that is driven by their quality of workmanship, and their premium and convenient location and access. Their oversized workshop creates highly efficient workflow and excellent output-to-employee ratios across their abundant hoists. Employees are all full-time and long-standing compared to the industry norm. Senior management is in place, to ensure the owner is not on the tools, along with 4 other mechanics and 2 apprentices. Plant, equipment and tools are well appointed with in excess of $1M invested in quality tools and workshop must have's, all included in the sale. A second strategically positioned business providing tyre sales captures more customers and aids in expanding their demographic and dominating the market share. This business is a one-stop shop experience for the customer, which complements the customer's needs and, in turn, drives further sales.
In July 2023, the closure of a nearby competing franchise started driving even more traffic to this business.
Sales in FY23 were circa $1.7M, which is an increase on year prior, making revenue growth stable for longer than 3 years. The last 3 years of trading history data are ready to provide to interested parties, which feature a 3 year average EBITDA of $427,924, after a generous salary paid to the part-time involved owner. Appropriate support and transition can be considered for the successful Purchaser on a case-by-case basis. The freehold can also be offered for sale at its fair market value, interdependent on the business sale. Our client reserves the right to enter a binding contract without further notice to interested parties unless otherwise agreed in writing.
Buying a business is easy with Vision
"We understand that as every business is different, so is every buyer. Ask your broker about the information the Vendor will make available as part of due diligence so you know what to expect at the beginning of the process."
Dan Levitus
Senior Partner
Licensed Business Broker
m: 0450 326 146
t: (02) 8923 2632
Daniel Kogan
Senior Partner
Licensed Business Broker
m: 0401 620 918
t: (02) 8923 2632
The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained in this business.
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