Independent Multi Site Tyre Dealership - under management!

Price: Price: $4,200,000 + Stock

Key Sale Highlights

EOFY2022 Revenue over $14,300,000
EOFY2022 Adjusted Net Profit at arm’s length over $1,500,000.
Included assets/valuation of $620,000.
Leased sites with two of them available to purchase as freehold.
Stock at cost holding approximately $1,250,000.

Proudly listed by Shane Fox

Business Overview

This multi-site Group is run under management and holds very strong market share across the greater Lake Macquarie, Newcastle & Hunter Valley areas. The business has been strategically built to run autonomously. With over 30 staff, multiple reputable national and international suppliers, residential and commercial customers and a strong footprint with its brand, what more could you want from a business? The Group has impressive systems and a huge database showing that whilst 90% of their business is repeat and/or referral new customers are coming to all sites every week. Sales have been increasing consistently over the last 5 years and the owners are very confident of continued growth. KEY FEATURES/ SALE HIGHLIGHTS INCLUDE: • EOFY2022 Revenue over $14,300,000 • EOFY2022 Adjusted Net Profit at arm’s length over $1,500,000. • Included assets/valuation of $620,000. • Leased sites with two of them available to purchase as freehold. • Stock at cost holding approximately $1,250,000. If you are interested in finding out more about this quality opportunity, please email the exclusive selling agents info@merchantbrokers.com.au or call the managing business broker Shane Fox on 0415 407 777.

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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.
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