Tyre franchise - Port Adelaide
Sold
Business Description
- Prominent location- Newly negotiated long term lease
- Fully staffed with tyre fitter & mechanic
- Suit hands on owner operator
Kevin Grant
Extended Price Information
| Goodwill | $109,920 |
|---|---|
| Plant & Equipment (approx written down value) | $85,080 |
| Stock at valuation (approx) | $20,000 |
| $215,000 |
Financial Summary
| Year | Sales | Return to Owner | Return on Owner's Investment |
|---|---|---|---|
| 2013/2014 | (annualised) $1,012,596 | $146,784 | 68.27% |
The return to owner is a net return to one working owner after all expenses and wages but excluding the vendor’s wage.
Staff Summary
One full time manager, one full time tyre fitter/mechanic and one casual mechanic are all employed in this businessLease Summary
| Current Rent | $4,424.16 per month + GST |
|---|---|
| Right of Renewal | Options to renew up to 2027 |
| Outgoings | Paid by lessee (approx. $960 per month + GST) |