About the Business

Business ID: XB157454

Owner only supervising (off the tools) working 3 days a week - Return to owners $320,000

For over 30 years, the current owner has steered the business’s success trajectory. Beginning as an apprentice for 4 years, followed by 6 years managing the shop, he eventually acquired the business in 1993. With a team of 4 full-time mechanics operating on 4 hoists, the business consistently services approximately 15-16 cars daily. Supported by a service manager (also a mechanic) and the owner, the team efficiently manages high demand, often turning down cars daily and scheduling appointments 2 to 3 weeks in advance.

To optimize space and service offerings, consideration is given to refurbishing a 5th smaller hoist for compact vehicles. The business currently prefers newer models that minimize inventory holding, ensuring efficiency and cost-effectiveness.

Strategically located near the beach and cafes in a residential area, customers enjoy a convenient and pleasant waiting environment while their cars are serviced. The office manager diligently manages hoist bookings and schedules, proactively accommodating customer needs to maximize efficiency.

- Steady turnover in the past few fiscal years averaged $1,500,000 annually.

- Owners have received revenue totalling over $320,000 each year for the past three financial years.

- The facility is equipped with four hoists.

- The business employs five qualified mechanics in addition to the owner.

- Services offered include both servicing and mechanical repairs.

- The indoor facility spans 300 square meters.

- On-site parking includes 115 square meters, supplemented by street parking.

- Approximately 15-16 cars are serviced daily, with an average revenue of $450 per car.

- The owner handles client liaison and serves as a sounding board on-site.

A one-month handover period will be offered as part of the sale.

The business would be ideal for a mechanic wanting to start their own business.

It could also be an ideal fit for another established automotive business that would lean on the current structure and could also offer more services to its current clientele.

Asking Price: $480,000 inclusive of all assets + Stock($20,000)