Mechanical Services Very Profitable 5 Days, Canberra ACT 2601

General Description
Mechanic business that has been operating since 1984 which the vendor would now like to retire. This is a very strong and profitable business that customers need to book 6 weeks in advance to have their vehicle serviced.

Working owners average profit for last 3 years $255,000
All equipment sold with the business so nothing to spend
Strong customer base
Unable to take any further customers on
New owner can walk straight in with work booked in

Potential
The business currently employees 2 mechanics. In the past it had 4 to 5 mechanics so this can lead to higher sales and profits.

The business has business clients who need their vehicles during the week so could look to establish a weekend shift.

Trading Hours
Open Monday to Friday
8am to 5pm.

Lease
$1,370 + GST per week
New 5 year lease with 5 year option

Financials
Turnover 2022 $1m
2022 Adjusted net profit to working owner $217,000

Location
Queanbeyan

Price
$195,000 + SAV
Stock approx. $20,000

Like More Information - Confidentiality Agreement
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3) Enter your details, including something in the comment area and click "Submit"