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Automotive Repairs - Queenstown

Loyal Client Base - Highly Profitable

$550,000 - Lower South Island

#220218

detail

Generating over $1.1m + GST in sales per annum, this business has successfully operated in its Queenstown location for 30 years. The business has a reputation for providing excellent service and workmanship in all facets of vehicle repairs and maintenance. There is a mix of consumer and commercial clients and the business has the capacity to service buses and larger vehicles, with well qualified staff and apprentices.

Highlights

  • Continuous profitable growth
  • Excellent margins
  • Great local reputation
  • Strong list of key clients
  • Skilled team of automotive technicians
  • Unpreceded growth in Central Otago economy
  • Brilliant lifestyle location

Opportunity

This business is working at full capacity and is currently having to turn away clients. An ideal opportunity is to open the workshop on Saturday mornings to accommodate (currently Monday to Friday only), and the tremendous attraction of its location suggests that this demand will continue into the future. Economic indicators for this region are overwhelmingly positive.

Buyer Attributes

A qualified auto mechanic will ensure the business continues to thrive. Could well be suited for someone wanting to move south and enjoy the amazing lifestyle that Queenstown has to offer, or alternately an excellent stepping stone for a qualified mechanic who wishes to make the move into business ownership, as our vendor did many years ago.

This is an exceptional opportunity showing continued sales and profit growth into the 2019FY

Net Surplus $270,948 EBPITD

Contact: Kevin Peterson
Office: Christchurch

Confidentiality Agreement for Business Reference 220218, Broker Name Kevin Peterson

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Ltd (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. We acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Ltd (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
Mandatory Fields*