Listing status: Inactive
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Smash Repairs - Automotive Workshop - Smash Repairs - High Exposure - Lead repairer in Western Subs. area - G1767SFG
Smash Repairs - Automotive Workshop - Smash Repairs - High Exposure - Lead repairer in Western Subs. area - G1767SFG
Industry :
AutomotiveSub Industry :
Mechanical RepairAbout the business
Smash Repairs - Automotive Workshop - Westerm Suburbs - Agent SBX Code Number: G1767SFG
Automotive smash repairer with excellent reputation achieving high net returns. - Lead panel beater in area features significantly above average equipment including Saico spray booth plus a second booth, auto robot, 4 tonne hoist, scissor lift, pull rack, tig and spot welders. - Full camera security with lockable gate and abundance of car space availability. - Excellent office facility and mezzanine level for storage. - The business features a good mix of insurance and private work including a reputation for restorations.
Potential
Accept further work as demand is high.
Features
Excellent high visibility street front location - Strong local branding. - High google reviews. - High demand for private work.
Premises
Two adjacent workshops with excellent equipment levels, undercover external area and ample parking comprising 450 sq. mts.
Location
Prime street front position in industrial complex on main road with brilliant exposure guaranteeing patronage in Western Suburbs.
Trading Hours
5.5 days, Monday to Friday 8 am to 5 pm. Saturday 8 am to 1 pm.
Lease
Lease on workshop 1 expires November 2025 - Lease on workshop 2 expires May 2023. - A new lease would be available. - 3 month security bond and 3% p.a. increases.
Employees
1 owner + 2 full-time employees.
Comments
Well priced opportunity to acquire well located and well regarded profitable smash repairer. - Desirable mix of insurance and private work leads to higher net margins adding to the attractiveness of this high exposure business. -Misc.- 1- workers compensation premium. - Misc.- 2 - sundry expenses. - Stock comprising significant spare parts, panels and tyres is in addition to asking price. - The business provides a strong net return to the owners who can advise further upon meeting.
Figures
Weekly Sales $12000
Rent (ex GST) $820
Wages $2500
Profit $3470
Agent SBX Code Number: G1767SFG - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
View other listings by this business
$290,000
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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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