An outstanding performing business, located in a large coastal town, a family held operation for more than 20 years generating a significant level of profitability is now for sale.
The business revenue for the past 3 years averaged approximately $4.3million with a 3-year average EBIT/DA in the vicinity of over $440,000 with FY2020 EBIT/DA even better at approximately $500,000+.
The business sell and fits tyres, wheels and rims, performs wheel alignments and sells motor oils and batteries. The business revenue is split approx 50% commercial/government/agriculture and approx 50% to private vehicles.
This tyre business has an excellent reputation for quality products, service and efficiently providing a marketing differential over its competitors.
The business is associated with a large national brand with exclusive agency for several product lines and excellent co-operative buying power to ensure competitive pricing.
This business is being offered on a leasehold basis with modern premises with the existing lease expiring in 2023 with a further 3 year option to 2026 if desired.
The premises has main road frontage with access from 2 streets, plenty of parking offering customer comfort and easy access to the premises.
Required capital to purchase the business will be in the range of $1.4million. Price includes business, stock, vehicles, plant, and intellectual property. Expressions of Interest to Wayne Cooper.
For more information or to receive a full business profile please contact Wayne Cooper on 0407 997 777 or 08 9586 3509 or send an email enquiry. You can download a confidentiality agreement to complete here.
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