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Refer to Broker
A fantastic opportunity for an existing automotive workshop to acquire and integrate this highly successful niche auto business.
The business was established over 15 years ago and has clearly established itself as one of the market leaders in its field. Located in the central North Island. The nature of the business is built mainly around the repair and reconditioning of auto parts which are couriered to from the business premises. The owner advises that this business could easily be relocated to Auckland or another major city in New Zealand. The lease is month by month enabling a new owner to easily move the business, alternatively the landlord is happy to offer a new competitive lease should you wish to retain the business in its current location.
Business is generated mainly from its database of approximately 350 automotive clients.
Fully fitted out immaculate workshop with 2 excellent hoists, wash room, small parts spray booth, mezzanine floor housing a range of spares. Smart office downstairs with lunchroom upstairs.
The asking price is made up of $33,500 in plant / stock and only $41,500 goodwill.
The business is operated by one full time employee who is willing to stay on in the business should the new owner so require.
Sales are approximately $15,000 – $18,000 a month with a GP of around 76%.
Cash surplus available to one full time working owner is around $68,000 – based on 2013 YE accounts.
Rent is roughly $1500 a month.
A very rare and exciting opportunity.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
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