Summary
Urgent Sale! All reasonable offers considered. Profitable Franchise Mechanic and Tyre workshop with approx 430k turnover per year. Huge potential for more. Training and assistance provided.
About the Business
Summary
Long established mechanical and tyre franchise automotive workshop in the prime location of Croydon, close to many part suppliers, main street shops and train station. Currently running under half of full potential so there is plenty of room for a driven new owner to double revenue.
Whether you are just starting out or are looking for another shop, a well established brand makes it very easy to start earning money from the first day without much marketing spend.
Current owner happy to provide training and assistance till new owner settles in (approx 2 weeks). This includes book keeping and working the various admin systems and software.
About the business
Owner looking to take a break and exit trade due to health concerns, currently serving 90% regular customers and their referrals. Steady average sales of $8500 ($6500 to $10.5k ) per week, >420k a year with very good profit margin due to the focus on mechanical service and repairs. Receipts and statements available as proof.
Excellent Google reviews of 4.5 Stars.
Strong franchise brand and local reputation are main sources of new customers. Most new customers are referred or come for puncture repairs and end up staying for new tyres and services. Low franchise fee % compared to others. Quoting and Accounting software included, save on bookkeeping costs.
Currently no marketing spend and minimal social media presence. Huge potential to easily double revenue through more marketing, social media presence and turning over more tyres or simply accepting more jobs and hiring more people.
Main equipment:
3 two post hoists
1 four post hoist with new alignment machine (2018)
1 scissor lift for tyre changes
Brake lathe machine
Tyre changer and balancer
Various hand tools and equipment
Room for additional 2 hoists
Solar panels fitted in 2018 worth 25k - no electricity bills & credit
New split system for office (2018)
Long lease 5 yrs ending 2023 + 5, easily extendable
7 parking spots on premise with more on street parking
Rent $1432pw inc gst
Trading 5 days a week. Saturdays by appointment after 10am.
1 full time mechanic & 1 owner
History
Business has been operating since 1980s, current owner for 4.5 years.
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