Established Panel & Paint WorkshopListing: #EL02349
About this Business for sale in Auckland SurroundsEstablished Panel & Paint Workshop
This site has been the home of a panel and paint businesses for over 70 years. Owner commenced this profitable business in 2004 and later in 2015 he and his family moved out of Auckland. For the past four years the business has been run by an appointed manager who has now decided to move on. Owner does not wish to return to Auckland to run this business so he has decided to sell it. Much of the plant and equipment has been upgraded or replaced in recent times. New lease of six years with two renewals each of six years will be assigned. Leased premises consist of a large workshop (in excess of 800m²) and a modern two-bedroom apartment for the new owner or as rental income for the business. Assets include a modern spray-booth, new compressor, three two poster hoists, various items of quality tooling and four modern courtesy cars. Currently open short hours Monday to Friday. Premises have the capacity to accommodate increased workload that could easily be achieved by extending the trading hours. The suburb is alive on the weekends especially on Saturdays.
Business carries out panel and paint repairs for all insurance companies and it also has many long-standing corporate customers that require quality paint finishes to non-automotive products. The quality painting side of this business is very strong.
This profitable business could be run under management and provide a 30% return on investment for an astute Purchaser.
No time to waste contact Ray Gilroy now on 027.238.1716. This is a confidential listing and information is only available to qualified purchasers.
Note: Due to the confidentiality of this business a stock photo image may be used to represent the business. Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and on completion of a Confidentiality Agreement. Please contact the broker for further details.
+64 9 394 0570
+64 27 238 1716
*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.