It is a leasehold vehicle workshop located in the Moreton Bay Region between Brisbane and The Sunshine Coast.
It carries vehicle services and repairs and has a specialisation. It has a long successful trading history of more than 20 years. It has a solid reputation for delivering work and is engaged by other businesses along with its retail customers.
There are three (3) mechanics including the Proprietor and an apprentice. Income was around $730,000 in 2022.
The business is located in a Tilt Slab Industrial shed with a 300m2 floor area in a light industry industrial estate.
Financial Performance Summary & Key Details
Income: 2022 – $730,000
Rent: $43,500 + GST
Proprietor’s Profit: Over $200,000 in 2022
Trading Hours: Monday to Friday
Employees: Presently 3 mechanics, including the Proprietor, an apprentice and a part time administrator
Skills: Business Management and mechanical skills
Lease: The premises is owned by an Entity associated with the Proprietor. A lease tenure of 3 x 3 years is proposed at a rental of $43,500 for the first year.
Potential: The business is central to the high growth in the Region with over 2% annually and some suburbs well above this. Opportunities to grow with the population increase.
About the Business: The business has traded in its present location since 1994. It is a specialist and has an advantage over competitors. It also provides normal servicing and does vehicle repairs giving it multiple income streams.
Over that period, it has steadily increased its plant and equipment, and its customer base and built a reputation for reliable and dependable service.
Income has reached over $700,000 and it is anticipated this level will continue. Substantial increasing growth in population over the next 20 years gives the business opportunities for more customers in future years.