UNDER OFFER
General Description
Online business whose products target motor vehicle fuel systems and specialist tools to support it and other parts of vehicles. Sales are Australia wide and have a long history of proven products and repeat customer sales.
Average owner's earnings $140,000 over past 4 years
Niche market but has dominate products for this market
Strong gross profit margins
Business is being sold to close to stock value
Some products the vendor designed, patented and has manufactured
so others cannot compete with
Products are solid, needs a new owner to drive the marketing.
The vendor is at retirement age and to date has mainly had employees operating the business. But these employees have now moved on, and the vendor does not have the time or energy to step back into this business and drive the marketing and sales.
A new owner can walk in tomorrow knowing it has strong products and sales are continuing with minimal effort. The vendor is selling the business at below market value to allow a quick sale to occur i.e. stock value even though profitable.
Potential
The products are necessary for their market and the business has been operating since 2014. However, after COVID the business now needs new marketing techniques as the previous ways of advertising through magazines and publications are no longer producing the sale results. Needs a new owner who is prepared to invest in marketing.
Products the business sells do not have expiry dates and once customers understand the value it has for their vehicle will become lifetime customers.
Trading Hours
Open Monday to Friday
8am to 5pm
Online business
Lease
Current lease runs to 30 June 2025
3 year option
$615 + GST per week
Financials
Adjusted Turnover Average $270,000
Net average profit to working owner $140,000
Location
Canberra
But since sales are mainly online can be run from anywhere
Price
$300,000 price includes stock and equipment
Stock cost is currently approximately $400,000 but will move up and down
This means you are paying nothing for goodwill and paying less than current stock levels
Like More Information - Confidentiality Agreement
To release further details about this business a confidentiality agreement must be completed - takes about 1 minute. This can be done by following the instructions below:
1) Go to https://www.bbbrokers.com.au/diesel-automotive-tools-.html
2) Click on the "Enquiry" button at the bottom of the screen
3) Enter your details, including something in the comment area and click "Submit"
