Automotive and Mechanical Repairs Services

Price: Expressions of interest ending 2 Jan 2024

Key Sale Highlights

Terriffic reliable team of staff
Highly profitable business
Fully equipped service vehicles
Valuable business assets included in the sale of the business
Potential for further future growth

Proudly listed by Shane Fox

Business Overview

This leading and highly profitable independent Mechanical Repairs business offers customised service maintenance programs, and a wide range of automotive services, including service and repairs for all makes and models, whether it be passenger vehicles, 4x4's, or light and medium trucks. Since its establishment, the business has continued to grow and evolve, and is now a leading mechanical service provider with a great team of 30 staff with the capabilities, skills and resources to meet the growing demand for its services, in key agricultural and mining markets. In addition to its qualified technicians and experienced team the business has fully equipped service vehicles, and all the equipment and technology necessary to ensure all work is carried out for its diverse clientele, including private vehicles, and commercial fleets, at the highest standards, either onsite or offsite as required. With revenue in 2021 circa $6.5m and with net operating profits for the current owner in the range of $1.5m pa, the business represents an incredible opportunity and excellent value for the new owner which is being sold with an extensive list of valuable business assets included in the sale. With growing revenue, and profits, a very loyal customer base and strong relationships with suppliers, staff and customers alike, the business is perfect for a new owner looking to take over a well-run organisation,to take to a new level. This locally owned business has a General Manager and terrific team of circa 30 staff that include full-time, part-time and casual employees who are keen to remain in the business. The business has been built on the foundation of delivering quality and responsive service, keeping people and businesses on the road, and on the job. There are many opportunities to grow the business which could include expanding its focus to include new services, markets, and regions. It is expected that a focused and driven owner could work with the existing team to achieve greater efficiencies, higher sales and improved profits. Features of the business include; Great strategic locations, cheap rent less than 5% of the annual turnover (only $150k pa + GST + OG); plus quality, valuable assets included in the sale.

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BACKGROUND

A. The undersigned is desirous of obtaining the Promising Information from the Prospected Business Owner.

B. The Prospected Business Owner will provide the Confidential Information to the undersigned on the terms of this deed.

C. The Prospected Business Owner has required the undersigned to execute this deed when the Prospected Business Owner will provide Confidential Information to the undersigned, prior to the Prospected Business Owner providing Confidential Information to the undersigned.

TERMS AND CONDITIONS

The undersigned agrees as follows:

That the Prospected Business Owner is the sole owner of such Information, and such rights, therein as are now owned or hereafter develop or are acquired by the Prospected Business Owner in connection with the Proposal Transaction and all Confidential Information derived to the undersigned.
That by receipt of such Information, by the undersigned from the Prospected Business Owner, the undersigned acquires no proprietary interest in the Information (and where the term "Information" is used in these conditions, it means the information not already in possession of the public).
That all such Information received by the undersigned from the Prospected Business Owner or from others who advise the Prospected Business Owner, both written and verbal, furnished to the undersigned by the Prospected Business Owner, is by its nature and is considered Confidential Information, and further will be provided in confidence and is to be held by the undersigned and used by the undersigned only at such time that the undersigned is considering the Proposed Transaction.

In the event that, unless the contract becomes effective, the Information is herein, confidential information, then all such Information and the terms of this Deed are subject to the confidentiality provisions of such contract, and

Will use the Information exclusively for the purpose of evaluating the Proposed Transaction, or if pertaining to the other party of the relationship of the Prospected Business Owner with the undersigned, only through the process of evaluating the Proposed Transaction or at present for the world doing contract1.
In written form is WRITTEN/SIGNED/SENT electronically if Vendor & SIGNED BY the undersigned clause C/P:

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