TYRE & AUTO SERVICE BUSINESS, FAMILY BUSINESS SINCE 1973
TYRE & AUTO SERVICE BUSINESS, FAMILY BUSINESS SINCE 1973
Industry :
AutomotiveSub Industry :
Accessories/PartsExclusively listed and proudly presented is this automotive and tyre service in Melbourne's North. Situated in the Niddrie / Airport West area the vendor is looking to retire after being involved in the family business started in 1973.
With outstanding financials showing an impressive profit even after the wages have been paid to the owners, the reported profits will impress. A boutique set up in a state of the art facility, this sale comes with all equipment fixtures and fittings as presented in the business.
Servicing all makes and models of vehicles with the latest diagnostic equipment, mechanical repairs including brakes, exhausts, computer balancing and more along with tyre and wheel services, this is one of the best known and most reputable businesses in the area.
Brand new lease on offer to the right buyer.
1 full time staff person plus working owner.
All equipment and business name included.
Excellent accounts showing impressive profits.
Generous hand over and training period.
Vendor looking to retire and hand over this successful business with close to $1 million T/O.
Currently trades 5 and a half days, and ability to build up turnover by increasing hours and adding more mechanics.
This is an exclusive business opportunity and is offered to the market for the first time. Please contact the listing agent for more information.
TRIDENT Business and Corporate Sales and/or their agents have been given exclusive authority to market and sell this business for the Vendor. Therefore, they give notice that all information given in relation to this property, whether contained in this document or given orally, is given without responsibility and has not been audited by us. People intending to purchase should satisfy themselves as to the accuracy of all information before proceeding. TRIDENT does not accept, and specifically excludes any and all liability relating to the business.
(Our reference T 1493) Some images used for illustration purposes only TRIDENT Business reserves the right to limit the release of information to parties who do not disclose their full contact and identity details to the listing agent upon inquiring about this business.
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$260,000
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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!
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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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