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Listing ID: 2789435

Urgent Sale - Profitable Workshop, Busy Location For Sale

Auckland, New Zealand

$290,000

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

With a well-known, trusted and catchy brand name, and a 2017 EBITDA of $86,143; a great opportunity at a good asking price.

Our Vendor originally started this franchised business 9 years ago, and has built it up to be a very well-established and highly regarded business in the local automotive sector. A key point of difference for this business is the Pit Stop sign on the building with huge visibility to the extremely high daily traffic flow across the front of the business.

Pit Stop's reputation through New Zealand is almost second to none and renowned for quality work, quality people and overall - they are run as quality businesses.

The reason for this reluctant sale is that a medical event has caused our Vendor to make the transition into retirement while also focusing on his health. However, although it is an urgent sale, it is not a fire sale.

We believe that the foundations of this business are very well-established, and currently the daily demand for their services exceeds their capability to meet that demand, and in fact we are told that a lot of work is turned away due to the work load and that that the business could easily absorb another 2 Automotive Technicians. There is significant opportunity to develop it even further with an increase in staff levels.

This business would suit a trained motor mechanic or automotive technician who is keen to take advantage of the circumstances surrounding this very successful business' availability for sale. As our Vendor is keen to assist a younger person into the business at an attainable price, he has sensibly priced it for a quick sale at just:

$250,000 plus SAV & a franchise transfer fee. Includes approximately $120,000 of assets & up to date testing & service equipment.

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BBS2231, register your details and submit the online Confidentiality Agreement. Once Jason receives your expression of interest he will be in touch.

Licensed REAA 2008. Copyright Barker Business Brokerage

Property Details

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