1SELL Listing Number: 1AU07
Automotive mechanical repair workshop located in Lakemba, NSW, Australia.
The business is already established and has been operating for over three years with proven sales of over $300,000. It is the only mechanical repair shop in the area, surrounded by other automobile-related businesses.
The workshop has been approved by the local council and operates from 7:00 am to 6:00 pm, Monday to Saturday. Currently, the owner chooses to close the workshop on weekends due to other business commitments. The premises are in a commercially approved zone and consist of a spacious workshop area, office, storage, toilet, and a mezzanine level for additional storage.
The workshop is fully equipped and offers a wide range of services including registration inspections, e-Safety checks, mechanical repairs, servicing, tuning, logbook servicing, brakes and oil/filter changes, dual battery setups, wiring for accessories, fitouts and installations, and more. The business is a recommended fitter/installer by a reputable spare parts company, Ozi Accessories Australia, for the installation of 4×4 vehicle parts.
The workshop has four bays and employs two licensed mechanics on a daily basis. It also has a large parking space for up to 10 cars. The current owner has built a loyal client base and has a website that allows customers to book services online. The business has shown consistent growth in turnover each year.
In terms of financials, the current monthly shop sales are approximately $25,000, with a total gross income of around $20,000 per month. The monthly expenses, including wages, electricity, and insurance, amount to approximately $6,663. The net income before tax with the current business plan operating hours is approximately $8,547 per month. If the business is owner-operated, the estimated net income is around $14,380 per month or $172,500 per year before taxes.
The asking price for the business is $160,000 WIWO, with the cost of acquiring the business including a rental bond of three months and legal fees. There is potential for further growth by utilizing the full allocated hours, implementing marketing strategies, offering additional services such as pickup/drop-off and courtesy/rental cars, and expanding the online presence.
Please note that this information is based on the provided listing and interested buyers should conduct their own investigations and inquiries before making a purchase decision.