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Southbank Auto Works
Prospect, SA · Listing NBA-1021
A six-bay workshop sold as freehold going concern, with fleet contracts and a booked-out diary six weeks ahead.
Business details
- Listing ID
- NBA-1021
- Industry
- Automotive
- Business type
- Freehold Going Concern
- Established
- 2004
- Staff
- 7 (4 qualified mechanics)
- Trading hours
- Mon – Fri
- Lease
- Freehold included
- Reason for sale
- Owner retiring after 20 years
Financial overview
Asking price
$1,250,000
Revenue
$1,900,000 p.a.
Profit
$385,000 p.a. adjusted
Stock
$60,000 (SAV)
Figures are supplied by the seller. Buyers should complete their own due diligence.
About the business
Southbank services more than 3,000 active vehicles annually, with three fleet contracts underpinning weekday volume.
The property is 940sqm on a main arterial with room to add two further hoists.
Qualified staff are long-tenured and expected to remain with new ownership.
Photo gallery
Location
Prospect, SA
The precise address is disclosed by the seller to qualified buyers following an enquiry.