Business Category:
Price Category:
Business Location:
Region:
JAX Tyres & Auto Newcastle area
Businesses for Sale
REF #1303
 
Ad Status For Sale For Sale
State New South Wales
Region Hunter Region
Price Range $350,000 - $500,000
Business Price $498,000
Industry Tyre & Mechanical
Years Established Over 10 years +
Years Established by current owner Over 10 years +
Is business a Franchise? Yes
Is business relocatable? No
Website Address
Property lease period On going long term
Property m2 450m2 approx
Rent PCM $4,100
Real estate is the freehold property included in sales price No
Trading Days 5.5
Number of Staff
Casuals 0
Part Time 0
Full Time 7
Contractors 0
Total 7
Reasons for selling To Pursue Other Interests
Hand over period 4 Weeks
+ SAV [Stock at Valuation] (approx) $120,000
Plant equipment $85,000
Included in asking price? No
Gross Sales Income $2,400,000 in 2021
Net Income $208,000 average over 3 years
General Summary Business Description
JAX Tyres & Auto franchise group has been operating for over 70 years and has over 80 outlet. This Newcastle hunter Region store is a good example of a mature outlet with constant sales and a high gross profit from trade averaging $858,000 over the past 4 years. 2021 sales have grown fro the previous three years and are on target to achieve over $2.4mil.