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One of Brisbane's leading Mechanical Workshops

$249,000

Brisbane City, Queensland

One of Brisbane's leading Mechanical Workshops

This well established Mechanical workshop has been one of Brisbane's leading auto mechanical specialists for over 19 years. The business has been owned and operated by the current owner for over 4 years in which time the sales have almost doubled. With projected sales exceeding $900,000 for the 2020 financial year the business has now become one of the most successful in the region.
The business currently employs the owner, one full-time mechanic plus one second-year apprentice. Throughout the current owners period of ownership, he has invested heavily back into the business. The business is now well equipped with state-of-the-art equipment including new Hoists and specialist computer equipment rarely found in a business of this size.
Sales revenue is growing rapidly, as is the businesses client base and reputation. For the 2019 financial year, the business showed an adjusted net return to the working owner of $130,945 and is well on track to show a net to the owner of over $175,000 for the current financial year.
The current owner and his partner have decided to take a step backward from this rapidly growing business to concentrate on their family. The owner is fully prepared to offer whatever ongoing training and support a new owner may require. The attention to detail, effort, and pride he has put into this amazing business over the past few years should be commended. He has created a very strong business with outstanding specialist equipment, excellent reviews, and strong customer loyalty.

The business is on the market for $249,000 + stock.

A detailed Business Information Memorandum is available to approved parties upon completion of our Confidentiality Agreement by using this link https://forms.gle/G81SEQEm6BSteo6h6

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Last updated: 20th March 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane City
State
 Queensland
Price
$249,000
Category
  • Mechanical Repair

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Contact

Dru Morgan