Business Category:
Price Category:
Business Location:
Region:
Tyrepower-Brisbane South
Businesses for Sale
REF #1206
 
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 10 years
Years Established by current owner
Is business a Franchise? Yes
Is business relocatable? No
Website Address http://
Property lease period years
Property m2 m2
Rent PCM $6147
Real estate is the freehold property included in sales price No
Trading Days 5.5
Number of Staff
Casuals 2
Part Time 0
Full Time 2
Contractors 0
Total 4
Reasons for selling Other
Hand over period 4 Weeks
+ SAV [Stock at Valuation] (approx) $30,000
Plant equipment $
Included in asking price? Yes
Gross Sales Income > $1,000,000
Net Income $200,000 - $350,000
General Summary Business Description
This excellent tyre store has been established for over 10 years and moved to modern, new premises over 3 years ago. The business has enjoyed strong growth each year in a high demand location. Situated centrally in a high growth area and located adjacent to large shopping centres and an extensive commercial precinct with constant passing traffic, continuing growth should be achievable. TYREPOWER is a well-known, leading tyre group where the store owners are the shareholders. It is NOT a franchise. The owners enjoy many benefits and buying privileges without the associated franchise fees. This ensures that TYREPOWER stores are in high demand. A stable staff including an experienced manager are in place. Premises and equipment are modern. There is ample off-street parking. An excellent long-term lease is in place. Each year has shown an increase in sales and profitability, and in the current financial year it is anticipated sales will reach $1.7m with a Gross Profit of 33% showing an excellent return to the owner. The owner is ready for a change and is now seeking to pursue other interests. PRICE: $450,000 plus Stock (Approx. $30,000.) For Details please contact- Peter Baruch. Biz Sell Buy. PH: 0402304266 peterbaruch@optusnet.com.au.