General Description
Your chance to buy a profitable business for less than current stock on hand as owner wants to retire.
Niche high end quality automotive tools and aftermarket automotive accessories. This business specialises in diesel automotive tools and diesel fuel system protection. Sales are generated through walk-in, trade sales and online retail with the opportunity to expand from national sales to international sales, whose products target diesel motor vehicle fuel systems and specialist tools to support it and other parts of vehicles. Sales are Australia wide and have a long history of proven products and repeat customer sales.
Adjusted owner’s earnings averaging $111,000 over past 3 years
- Niche market with market domination in this specialised field
- Strong gross profit margins
- Business is being sold below stock value
- Some of the products the vendor designed, patented and manufactured with limited competition in the market place
- Products are solid, needs a new owner to drive the marketing.
The vendor is at retirement age and to date has relied on employees to manage and operate the business. these employees have now moved on and the vendor would prefer to give someone with enthusiasm and drive the opportunity to step into a going concern that has great potential.
A new owner can walk in tomorrow knowing it has strong products and sales are continuing with minimal effort. The vendor is selling the business at below market value to allow a quick sale to occur i.e. stock value even though profitable.
Potential
The products are necessary for their market and the business has been operating since 2008. However, after COVID the business now needs new marketing techniques as print media advertising through magazines and publications is not reaching potential customers. Needs a new owner who is prepared to invest in marketing and who has social media strengths.
The Products the business sells do not have expiry dates and once customers understand the value it has for their vehicle will become lifetime customers.
Trading Hours
Open Monday to Friday
8am to 5pm
Lease
Current lease runs to 30 June 2025
3 year option
$615 + GST per week
Financials
Adjusted Turnover Average $289,000
Net average profit to working owner $111,000
Location
Canberra
Price
$300,000 price includes stock and equipment
Stock cost is currently approximately $400,000 but will move up and down.
This means you are having nothing for goodwill and paying less then current stock levels
Like More Information - Confidentiality Agreement
To release further details about this business a confidentiality agreement must be completed - takes about 1 minute. This can be done by following the instructions below:
1) Go to http://www.xxxxx-automotive-tools-.html
2) Click on the "Enquiry" button at the bottom of the screen
3) Enter your details, including something in the comment area and click "Submit"
