This is a rare opportunity to acquire a well-established automotive business with a long-term repeat customer base in a prime location close to the central business district. Its consistent sales turnover and profit mean this business represents obvious value for any buyer.
Snapshot
Revenue: FY 24 $766,746, 5-year average $674,890.
Profit: FY 24 PEBITDA $138,171, 5-year average $145,955.
ROI: 112% Based on 5-year average PEBITDA and WIWO price including $10,000 stock)
Plant and Equipment. All P&E as listed is included in the WIWO price.
The Key Details
- The business was established in 1919. It has been with the current owner since 1978.
- Consistent turnover and PEBITDA based on a long-established repeat customer base.
- Attractive return on investment WIWO of 112%.
- Revenue growth of 24% over the last five years.
- Unrepeatable business district location. This means customers can drop their car off and shop or go to work without needing a courtesy car or taxi.
- A 5-day working week with normal business hours.
- Two qualified mechanics on staff.
- The owner performs light duties and diagnosis.
- Sale due to retirement.
When it comes to a well-established business, this is the ultimate. It has operated as an automotive business since 1919 and has been owned by the current owner for 46 years. It is an institution with a customer base that spans generations. For the suitably qualified buyer, there could not be a better-based automotive business to take over and grow.
The business boasts a repeat, loyal customer base and unrepeatable business district location. The council will not permit other automotive businesses to be located so close to the central business district.
It represents an exceptional opportunity for a suitably experienced buyer to achieve a high rate of return and a well-established repeat customer base with everything in place from day one.
The value is clear: A rate of return of 112% on a Walk-in, Walk-out basis, plant and equipment included at a value far less than the cost of replacement, proven goodwill of a repeat customer base and a well-established maintainable income of $145,000 over five years.
A business that provides this level of value will not be available for long. Do not hesitate to secure this opportunity for yourself.
For sale by Owner
FOR SALE: $120,000.00 + Stock
Contact the exclusive broker:
Keith Brewster
Benchmark Business Sales & Valuations
M: 0410 456 544
T: 1300 366 521
If you'd like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus5784 to search for the business.
Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.
Benchmark Business Sales and Valuations
