Business Background and History
Car Trans Australia specialises in car transport of cars in the prestige market. Very few competition in the transporting of second hand and new cars, fleet cars, luxury cars. Established for 6 years along the Eastern seaboard including Brisbane, Sydney and Melbourne. The asset list includes 7 interstate vehicles and 6 local vehicles. Good customer base with some customers spending up to $40,000 per month.
Operating Hours
Monday to Friday 8.00am 4.00pm
Employees
1 x full time owner working 5 days per week approximately 20 to 30 hours, 2 x full time drivers, 4 contractors on ABN and 5 sub contractors when required
Lease
3 years lease remaining in Sydney and Brisbane lease is due to renewal. Both landlords open to new lease if required. Sydney rental is $4175 per month and Brisbane is $3850 per month including GST
Potential
Currently run under semi management. With the owner working only 20 hours a week
The revenue has been increasing by 20% - 30% year on year for the past 3 years
The current owner is knocking back jobs and only cherry picking the jobs that he wants. There is easily a demand for about 2 to 3 more vehicles on the road.
Hire more inhouse drivers to add more profit. Currently there are only 2 full time drivers. There is potential to add 2 or 4 more full time staff to reduce the expense of using sub contractors. Currently sub contractors are taking about 65% of the gross revenue
Weekly Financials
Weekly Takings $69,602
Cost of Goods $9095 (Fuel and oil)
Gross Profit $60,507
Rent $1851 (Includes $800 p/week for Brisbane)
Wages $3847 (does not include the owners wage)
Subcontractors $35,521 (currently taking 65% of the sale)
Superannuation $289
Telephone $36
Insurance $2185
Electricity $100
Misc 1 $3964 (rego/ insurance, repairs & maintenance)
Misc 2 $593 (travel, accommodation, tolls and parking)
Misc. 3 $530 (truck hire and other expenses)
Total Expenses $48,916
Nett Profit $11,591
Asking Price $1,200,000 + Assets (valued at $2,350,000)
Total price including assets $3,550,000
Reason for sale:
Genuine reason for sale owner looking to relocate and live overseas. Non-compete agreement signed as a part of sale
