- Categories: Automotive, Services
Long-established business with optimal projected 2023 profit of $250,216. A great, long term team is in place; including a store manager and warehouse manager. Both wholesale and retail sales activity with a location just 30 mins from the Gold Coast. Net return to an owner-operator would be approx. $330k pa.
Car and Auto suppliers Retailer/wholesaler in Northern NSW.
An opportunity to acquire a long established, growing franchise business in the auto parts industry in the great area of Northern NSW. This business has been running under the current owner for 21 years and has developed an excellent reputation with the customers by consistently providing quality parts and great service. With strong, reliable sales figures year on year, this business has maintained steady growth with regular sales figures servicing both retail and wholesale customers in their region.
With an average Turnover of just over $2,000,000 per annum over the last 2 years, the projected earnings for FY 2023 have grown to $2,408,333 with an impressive EBIT (Managed) growth to net earnings of $250,216pa. Net return to an owner operator would be approx. $330k pa.
This is an ideal business for a new owner to continue the growth and expand the already profitable model. A great opportunity for an owner operator OR an owner looking to run the business under management. The current 2IC/Store manager has been with the business for 18 years.
A part of a national franchise brand, this business has the systems and support in place for the new owner and huge buying power from the group. Just 30 mins from the Gold Coast, a great opportunity for someone looking to relocate to the area.
Key considerations
5 + ½ day trading week
Fully trained team in place 7 members
Long term 2IC and warehouse managers 2IC has been with the business for 18 years
Over 35 trade accounts
Strong retail trade
Massive showroom
Large storage area
Great accessibility with a large site and 25 car spaces
Apart from a buying group franchise model with great buying power
Optimal either for owner operator OR under management.
2023 forecast net earnings of $250k allow for a manager's wage of $80k + super, therefore the forecast net return to an owner operator would be approx. $330k pa
Asking price; is $400,000 plus stock (approx. $400,000 SAV)
For a full Information Memorandum, copy and paste this link to complete the confidentiality agreement - https://forms.gle/86qks3nmEeknfbEt9
