Here is an excellent opportunity for a sole operator or partnership to takeover this thriving little business, situated adjacent to a petrol station on a busy road, close to both residential housing and industrial estates.
Turnover is consistently approximately $115,000 from year to year with a very nice nett profit of $45,445, a whopping 90% return on capital outlay. Five years tax figures are available.
Plant and equipment is complete and included in the price, valued at $23,831 (written down value). Trading is only five days a week. The business has been established twelve years and the present owner bought the business from the original owner in October 1999 and ran the business by himself untill he took on a job in New Guinea in 2001. The owner has the business run by a contractor with the occasional help of a part time mechanic, however the contractor is planning to leave soon so a quick sale is desirable.
Established repeat clientele include among others, servicing local courtesy buses and a fleet of armoured vehicles.
The Lease is held by the adjacent petrol station and renewed on one-year terms. In the event of the petrol station not renewing the Lease then the Landlord has said he would be happy to do a Lease with the mechanics workshop.
There is a small amount of stock of some filters, air cleaners, oils, etc. Total maximum amount of stock would be approximately $2,000.
Enjoy being your own boss with plenty of free time to yourself for a great value price - $50,000 + SAV
