Summary
Opportunity to acquire a well-established, highly profitable wheel repair business located in the heart of Townsville. Specializing in high-quality wheel refurbishment, repair, and restoration
Location Details
Gorari Street, Townsville
Centrally located in Townsville, with an established customer base in Townsville, Cairns, Mt.Isa, Airlie Beach, Mackay, Rockhampton and more through a reliable freight service.
Potential
Great Growth Potential: Opportunities to expand and grow the business through marketing and offering additional services.
Skills
A background in car body repair or spray painting is advantageous but not essential.
All necessary equipment and systems are already in place to ensure a smooth transition. Comprehensive training will be provided over a three-month period, at an agreed hourly rate.
Hours
Open to the public:
Mon - Thurs : 8:30 am- 3pm
Friday- Sat- Sun: Closed
Lease
Lease Terms:
2 years lease plus 1 year option
Leasehold Rent:
$42,000 (AUD) per annum
Employees
The business currently run solely by the owners.
Reason for Sale
The owners are looking to expolore other opportunites after 12 years of running this successful and highly profitable business.
About the Business
MAGMEDIC is a family-owned alloy wheel repair specialist based in Townsville, Queensland. Founded in 2014 by Jordan and Jannine Williams after relocating from England, the business has grown from a mobile service to a fully equipped workshop at 10 Gorari Street, Idalia. MagMedic offers services including cosmetic repairs, straightening, and custom colour changes for alloy wheels. They cater to both retail and trade customers, working with panel beaters, insurance companies, and car dealerships across North Queensland, including Cairns, Airlie, Mount Isa, Rockhampton, and Mackay.
This is a rare opportunity to acquire a niche and highly profitable business with a proven track record in a growing market. This wheel repair business is the only one in North Queensland.
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