ID:

Automotive – Franchise – Mechanical Repairs – Retail

Australia
Price: $638,000 For Sale
Franchise
  • 215
  • 0
  • Takings (p/w): $34,000
  • Rent: $4,318
  • Net Profit: $7,112

Description

Automotive repairs – Franchise – All major and minor mechanical repairs – Full mechanical workshop- Retail business offering a range of auto services including car service, brake service, muffler service, suspension repair, tires and other services. – A trusted household name with over 40 years experience in the Australian market. – There are currently over 85 auto service centers across Australia. – Well equipped with 4 bays and 6 hoists.

Potential

Take on more contracts - Own and run a very successful franchise - Could be run under management - Do more networking especially to nearby car yards - More social media and other online marketing.

Features

Excellent location - Well established - Loyal and affluent clientele - Good size workshop - Excellent reputation for quality work and good service - Repeat business - Close to large major car yards - Award winning - Fleet servicing specialist.

Premises

Large workshop with modern waiting room, kitchen, 3 storerooms, 2 toilets with rear lane access and an area of 750 m2.

Location

Situated on a busy highway and surrounded by car yards, businesses and residential with excellent street exposure in the Lower North Shore

Trading Hours

5.5 days - Mon. - Fri. - 8 a.m. - 5.00 p.m. - Sat. - 8 a.m. - 12.00 p.m.

Lease

Current lease expires Aug. 2018 + 5 + 2 year option - expires in 2025, - 4% Increases - 3 month bond - Franchisor holds the lease

Sale Reason

Moving interstate

Employees

2 owners + 3 full time mechanics. + 1 apprentice

Comments

Misc. 1 - is for Franchise Fee of 7.5% royalties and 5 % marketing fee. - Misc 2 - Other general expenses and GST - Training can be provided - Outgoings includes rates, land tax and building insurance - This store has the number 1 ranking in Australia. - A must to inspect and a great opportunity but please be very discreet.

Additional Information

Weekly Takings: $34,000
Cost of Goods: $10,350
Gross Profit: $23,650
Rent: $4,318
Outgoings: $460
Wages: $5,200
Telephone: $160
Insurance: $200
Electricity: $100
Gas: NA
Miscellaneous 1: $4,250
Miscellaneous 2: $1,850
Total Expenses: $16,538
Net Profit: $7,112
Estimated Stock: NA
Equipment: NA
Annual Turnover: $1,768,000
Net Profit Margin: 20.9%
Return Of Investment: 1.7 year(s)
More Business

Enquiry

Confidentiality Agreement for the Business Between GBE (Global Business Exchange) and * (Interested Party) this must be an individual’s name, NOT a company name

In consideration of Global Business Exchange (being any or all of -, Redfin Partners Pty Ltd entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by Global Business Exchange and specifically the Listing currently being enquired. I/We hereby agree and undertake as follows:

To treat as totally confidential the identity of the business (es) disclosed to me and any details as to its operation or financial accounts;

Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor whoshall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Global Business Exchange;

Not to make an approach to the Vendor of any business disclosed to me by Global Business Exchange, or the business’ staff, customers or suppliers without prior arrangement with Global Business Exchange and to refer all queries through Global Business Exchange;

We acknowledge that Global Business Exchange is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.

If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to -, Redfin Partners Pty Ltd as the case may be;

If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Global Business Exchange against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.

That all information is received for no other purpose than the evaluation of the investment potential of the business;

If I decide not to proceed with the investment, I agree to immediately return to Global Business Exchange all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);

Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

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