Top Performing Mechanical Repair Business - Cairns
Top Performing Mechanical Repair Business - Cairns
Industry :
AutomotiveSub Industry :
Accessories/PartsExtremely profitable businesses like this don't come up very often and this multiple award winning Car Care Centre is a constantly top performing business year on year and is now looking for a new owner after 25 years.
This Business has a strong reputation within the Cairns automotive repair market and 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.
Currently A FIFO Worker - Exit FIFO. Own Your Own Workshop. Be Home Every Night. Live at home but earn a FIFO+ income one of the top 3 Midas stores nationally is now available in Tropical North Queensland.
Why This Opportunity Exists
* Owner retiring after 25 years of profitable business
* Well-established, highly regarded franchise
* Long lease with excellent terms
* Only Midas franchise in the region no direct local competition
Lifestyle & Buyer Appeal
* Be home every night, escape FIFO lifestyle
* Apply your mechanical skills to ownership
* Flexible hands-on involvement step in as much or as little as you want
* Full training and handover included
Business Highlights
* Turnover: ~$2 million
* EBITDA: High 500k to owner/operator
* Seven experienced staff plus workshop manager in place
* General mechanical services
* Currently trading 5 days/week with the option to increase turnover by opening Saturday mornings * , fleet work, tyres
* Long history and consistent profitability
* One of the top 3 Midas stores nationally
Operational & Financial Snapshot
* Staffing: 7 employees, workshop manager ensures smooth operations
* Trading: Currently 5 days/week; opportunity to add Saturday mornings for extra revenue
* Premises: Long-term lease with favourable conditions
* Ownership involvement: Flexible owner currently works in the business
Buyer Suitability
* Experienced diesel/mechanical fitter or tradesperson seeking business ownership
* Ideal for those looking to transition from FIFO to a stable, family-friendly lifestyle
* Opportunity for significant lifestyle improvement with proven profitability
* Upside potential by expanding trading hours
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.
Features and Benefits:
- Working Owner could easily earn over 500k per annum
- All staff and Mechanics already in place
- Secure long Lease in place with favourable terms
- Very loyal repeat customer base
- Business Facelift recently completed
- 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
- 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 Rod Justin: 0409 686 292 or rod.j@businessbrokersnetwork.com.au
Queensland
Australia
Talk to Brokers that know business
Business Brokers Network Australia is the largest Business Brokerage in Australia, with over 85 Business Brokers in all states of Australia in over 65 business locations.
Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful.
To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
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
View other listings by this business
$1,400,000
Enquire about this business
Get In Touch :
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.
Similar Listings
Outstanding Transport Business Brisbane 5872
Queensland,Australia
REVENUE
$0
PROFIT
$0
ASKING PRICE
$20000000
ONGOING DEALS
0
Turnkey Automotive Franchise Opportunity Trusted Brand, Loyal Customers & Strong Growth Potential
New South Wales,Australia
REVENUE
$0
PROFIT
$0
ASKING PRICE
$1399000
ONGOING DEALS
0
High Class, Well Established Automotive Business For Sale
New South Wales,Australia
REVENUE
$0
PROFIT
$0
ASKING PRICE
$749000
ONGOING DEALS
0