Midas Car Care Centre Cairns
Midas Car Care Centre Cairns
Industry :
AutomotiveSub Industry :
Accessories/PartsMidas is a trusted household name with over 40 years experience in the Australian market, providing a full car service synonymous with high quality, trust and attention to customer needs.
Extremely profitable businesses like this don't come up very often and this multiple award winning Midas Car Care Centre is one of the brands best performing stores in the top 3 Nationally consistently year on year and is now looking for a new owner after 25 years.
Midas Car Care Centre Cairns has a strong reputation within the Cairns automotive repair market and being the only Midas store in Cairns has afforded the owners a captive market. and they have always felt being regional has been a strong positive rather than a negative for their business.
There is further opportunity to take this business to the next level with increased local store marketing and weekend trading, the business has also recently undergone a new facelift ready for the new owner, making it fully compliant with the Midas brand.
Features and Benefits:
- Multiple 6 figure income to owner/operator
- Secure long Lease in place with favourable terms
- Very loyal repeat customer base
- Well established and highly profitable store with sales around 2 Million dollars per annum
- Huge Opportunity to grow the business even further with the addition weekend trading
- Inspection of this state of the art workshop will impress!
- 25+ years Loyal and expanding customer base
- Minimal Debtors with stable turnover week on week
- Ample parking with many spaces
- Multiple Award winning franchise nationally
- Excellent Franchisor support & Systems in place
- No prior mechanical experience required, full training and ongoing support provided
After 25 years the current owner wishes to retire and has priced the business to sell at $1,400,000
* Interested in learning more about this great business opportunity, please contact our Franchise Specialist Rod Justin: 0409 686 292 or rod.j@businessbrokersnetwork.com.au
Queensland
Australia
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If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$1,400,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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