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REF #1190
 
Ad Status Sold - Under Contract Sold - Under Contract
State Queensland
Region Brisbane
Price Range $350,000 - $500,000
Business Price $450,000 + SAV
Industry Tyre & Mechanical
Years Established 20+ years
Years Established by current owner 2 years
Is business a Franchise? Yes
Is business relocatable? No
Website Address http://
Property lease period 3 + 3 years
Property m2 m2
Rent PCM $5917
Real estate is the freehold property included in sales price No
Trading Days 5
Number of Staff
Casuals 0
Part Time 0
Full Time 2
Contractors 0
Total 2
Reasons for selling Moving to another industry
Hand over period 4 Weeks
+ SAV [Stock at Valuation] (approx) $10000
Plant equipment $
Included in asking price? Yes
Gross Sales Income $965,185
Net Income $257,533
General Summary Business Description
Situated on a busy main arterial route in close proximity to the Airport, Cruise Terminal and a central industrial and warehousing area, the business enjoys constant passing traffic, excellent access and off-street parking. Close to all major suppliers the business need only carry minimal stock of tyres. This Tyrepower outlet enjoys a strong and loyal local following and excellent corporate accounts. At present 60% of the business is mechanical, with tyre sales constantly growing since joining the Tyrepower Group 2 years ago. Premises are large and well-equipped with ample off-street parking. There is an excellent lease in place. Staff are experienced and stable. Current Return to an Owner/Operator exceeds $300,000pa. ASKING PRICE: $475,000 plus S.A.V. (Approx. $12000) CONTACT: Peter Baruch, Tyre Store Broker, Phone: 0402304266; peterbaruch@optusnet.com.au.