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Summary
Located at the southern end of the Gold Coast, this business provides car detailing, window tinting, rust proofing and ceramic coating to corporate and retail customers in the Gold Coast and Tweed.
Revenue
$800,000 pa
Rent
$96,000 pa
Expenses
$500,000 pa
Net Profit
$200,000 pa
Location Details
Situated in a high profile corner position on main road, with immediate access to all corporate customers (dealerships and other automotive services).
Potential
There is excess capacity at the workshop which can be utilised with additional staff.
Increase product range by expanding into vinyl and PPF wrapping.
Win new corporate and dealership customers with recurring revenues.
Increase local advertising and offer targeted pricing specials for new customers.
Skills
Would ideally suit an owner / operator with skills in window tinting, automotive detailing or ceramic coating experience.
Basic business management and customer management experience.
Hours
Currently operating Monday - Friday 8am-4:30pm
Weekends are in demand from retail customers.
Lease
New lease from Oct 2024, expires Oct 2027 with 3 year option (note, business has been at this location for 15+ years)
Employees
Around 10 employees, capacity to hire more.
Reason for Sale
The current owner has a portfolio of businesses, including commercial cleaning, laundromats, property development and automotive detailing. Since acquiring this business in 2024, a number of improvements have been implemented to improve the efficiency of the business. The owner now needs to focus on other opportunitis in the portfolio.
About the Business
Located at Tweed Heads South, amongst the region's busiest car dealerships, this business has been at the forefront of the automotive dealership industry since its inception in 2011. Over the past 14 years, it has evolved into the leader of comprehensive detailing and cleaning services, specialising in a wide range of vehicles, including cars, caravans, motorhomes, boats, bikes, trucks, buses and fleet vehicles.
The comprehensive range of services offered by the business includes hand car washes, professional car detailing, window tinting, leather and fabric protection, paint protection and rust protection. More recently, the business has introduced vinyl wrapping and protective wrapping (PPF), which offers significant growth potential for the business. Each service is meticulously crafted to meet the highest standards, ensuring the longevity and aesthetic appeal of their clients’ vehicles.
The business has attracted new corporate and dealership customers, who bring strong, recurring revenues to the business. A typical dealership will utilise our services to:
(a) detail cars they have bought either from customers or via wholesale channels;
(b) detail cars prior to delivery to their customers;
(c) apply window tinting, ceramic coating or wrapping to vehicles to enhance value, or as add-ons that customers have bought.
We also provide ongoing services to other corporate customers that manage their own fleets.
Corporate customers comprise approximately two thirds of revenue for the business. This is appealing because of the high volume of vehicles provided and the small amount of marketing and advertising required for corporate customers. The constant supply of vehicles from dealerships improves utilisation which is a significant issue for smaller operators.
Retail customers, on the other hand, provide high margin revenue across the full range of services. The vast majority of retail customers come to us from referrals and recommendations from other customers, or from their mechanics, panel beaters, dealerships or other automotive professsionals.
In the last 12 months, a number of improvements have been made to the business including additional investment into the workshop, tools, technology and business software. Workshop Software provides an efficient software management system to improve the customer booking process, workflow management, vehicle tracking and invoice management. It also includes a complete CRM database to allow easy communication with customers, including booking reminders and service reminders.
History
The business was established in 2011 and since being established, has become the leading provider of car detailing, window tinting and ceramic coating in the region. It is the chosen provider for detailing services for the local automotive dealerships, who are all perfectly located nearby on Minjungbal Drive. Originally, the business occupied only half the site, but strong growth led to the business' expansion, now leasing the entire building. This allows both front and rear / side access, as well as the separation of detailing from tinting.
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