- Categories: Automotive
Extremely profitable businesses like this don't come up very often and this multiple award winning Car Care Centre is a constantly top performing business year on year and is now looking for a new owner after 25 years.
This business has a strong reputation within the Cairns automotive repair market and has afforded the owners a captive market, and they have always felt being regional has been a strong positive rather than a negative for their business.
An opportunity for a FIFO worker to exit the lifestyle. Own your own workshop, be home every night, and live at home while earning a FIFO+ income. One of the top 3 Midas stores nationally is now available in Tropical North Queensland.
Why This Opportunity Exists
- Owner retiring after 25 years of profitable business
- Well-established, highly regarded franchise
- Long lease with excellent terms
- Only Midas franchise in the region no direct local competition
Lifestyle & Buyer Appeal
- Be home every night, escape FIFO lifestyle
- Apply your mechanical skills to ownership
- Flexible hands-on involvement step in as much or as little as you want
- Full training and handover included
Business Highlights
- Turnover: ~$2 million
- EBITDA: High 500k to owner/operator
- Seven experienced staff plus workshop manager in place
- General mechanical services, fleet work, and tyres
- Currently trading 5 days/week with the option to increase turnover by opening Saturday mornings
- Long history and consistent profitability
- One of the top 3 Midas stores nationally
Operational & Financial Snapshot
- Staffing: 7 employees, workshop manager ensures smooth operations
- Trading: Currently 5 days/week; opportunity to add Saturday mornings for extra revenue
- Premises: Long-term lease with favourable conditions
- Ownership involvement: Flexible owner currently works in the business
Buyer Suitability
- Experienced diesel/mechanical fitter or tradesperson seeking business ownership
- Ideal for those looking to transition from FIFO to a stable, family-friendly lifestyle
- Opportunity for significant lifestyle improvement with proven profitability
- Upside potential by expanding trading hours
There is further opportunity to take this business to the next level with increased local store marketing and weekend trading, the business has also recently undergone a new facelift ready for the new owner.
Features and Benefits:
- A working owner could easily earn over 500k per annum
- All staff and mechanics already in place
- Secure long lease in place with favourable terms
- Very loyal repeat customer base
- Business facelift recently completed
- Huge opportunity to grow the business even further with the addition of weekend trading
- Inspection of this stateoftheart workshop will impress!
- A loyal and expanding customer base of over 25 years
- Minimal debtors with stable turnover week on week
- Ample parking with many spaces
- Excellent franchisor support and systems in place
- No prior mechanical experience required, full training and ongoing support provided
After 25 years the current owner wishes to retire and has priced the business to sell at $1,300,000
