2 x Used Car Dealerships with Fully Fitted Workshops – Hendra & Woolloongabba, QLD
Turnover in 15 months approx. $3.4m – 2 Locations and 2 businesses for the price of one!
Located just 5 minutes from Brisbane Airport and Brisbane CBD, vehicle auction houses, these two Used Car Dealerships are an unprecedented investment opportunity, with fully fitted, workshops attached to the car yards in extremely high exposure areas, a highly qualified team, and management in place.Opened 1.5 years ago, the business turned over with only one branch 3.4 million, and now we have opened the second one, estimating to double that revenue in the next 15 months!
Business Highlights “www.car-one.com.au”
● Wide range of automotive services provided including Car sales, servicing, repairs, tyres, window tinting, detailing, painting, and many others – Two x 2 businesses (2 branches with 2 businesses each branch) for the price of one!
● 2 Locations at 238 Nudgee Rd. Hendra and 187 Logan Rd. Woolloongabba.
Hendra Location: 1,500 sqm of facilities on Nudgee Road in Hendra – in front of the Hamilton Racecourse, with 6 installed hoists and a yard for 20 vehicles plus parking. Woolloongabba Location: almost 2,000 sqm facility with space for 10 hoists (5 brand new hoists at the moment), and 40 cars on display.
● High exposure and high traffic positions in of two of Brisbane’s busiest suburbs
● 1km to M1 freeway and 5 minutes from the CBD.
● Corner blocks at both locations on high-traffic avenues (Woolloongabba location across Repco and Hendra across the Hamilton Racecourse).
● Clients include retail, fleet, own vehicles for sale, warranty work for other motor dealers, such as Eagers & Norris Motor Group producing a regular, daily stream of work
● Large, fully air-conditioned waiting area for clients at both locations with separate waiting areas at Woolloongabba for workshop and sales showroom
● Fully automated with online booking systems, heavy marketing presence & excellent reviews
● 5 Mechanics on duty with Roadworthy Certificate & Air-conditioning license 2 F/T detailers
● AIS licensed station – run by the 2 owners,
● Assets, tools, fit-out etc. valued at approx. $500,000 including 3 brand new Volkswagen T-Cross 2022 used for rental purposes and advertising.
● Stock is included – except vehicles on display that can be consigned until the new owner gets their own (we could become wholesalers for that purpose, removing the need of having experience if required)
● All marketing is done by a dedicated business development team
● Currently trades Mon-Fri, 8am-5pm – would be a huge benefit to extend hours & open Saturdays
● Ideal franchise operation for those with the drive to keep growing
● 2-month transition period/training provided to ensure a smooth handover
This is a fabulous and unique opportunity for somebody with the capital to hit the ground running and continue growing.
Currently, the business has more work than it can deal with, so there’s plenty of growth potential.
Price: $1,450,000 Vehicle Stock (if they wish to buy but it can be consigned)
Reason for sale: Owners are struggling to understand each other so they are considering an entire sale or a share/equity buyout of one of the owners for the other one to stay.
