Auto Transmission / Auto repairs & service. Good Profits
Auto Transmission / Auto repairs & service. Good Profits
Industry :
AutomotiveSub Industry :
Mechanical RepairStep into the world of automotive excellence with this thriving mechanic repair business located in the heart of Melbourne, Victoria. Specialising in auto transmissions and offering a wide range of mechanical repairs, this business has established itself as a go-to destination for car, bus, and truck owners in need of expert services.
Immerse yourself in a world where precision meets passion, where every engine is treated with care and expertise. The current owners have built a reputation for excellence, with a turnover exceeding $850,000 per annum and an adjusted net profit of $271,000. The convenient location near a transport hub ensures easy access for customers, making drop-offs and pick-ups a breeze.
As the owners move onto new ventures, this presents a rare opportunity for an auto transmission mechanic to take the reins and continue the legacy of quality service. With a good rent agreement in place and a lease term extending to 2028, the foundations are set for a successful future in the automotive industry.
Don't miss out on this chance to own a thriving business in a lucrative market. Take the first step towards a rewarding career in automotive repair by seizing this opportunity today.
Key Elements:
- Location: Melbourne, Victoria
- Price: $595,000
- Business Category: Car/Bus/Truck Mechanical Repair
- Turnover: $850,000 pa
- Net Profit: $271,000
- Lease Term: 5 X 5 term commenced July 2023
Queensland
Australia
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$595,000
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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!
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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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