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Login to find out more...... Retail , Wholesale & Distribution , Business Sales below $1m, Retail Sydney, NSW , Australia 228 Views
$0.00
Asking Price $1500000 for 0%
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Expressions of interest. Contact broker for details on value of business

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This Listing is open for both accredited & non-accredited Buyers & Investors.

SALE OR INVESTMENT DETAILS
  • Stock at Cost $0.00
  • Gross Sales per annum $0.00
  • Assets Included in Sale $0.00
  • Profit (Normalised EBITDA) $0.00
  • Finance Available (subject to approval) Yes

Selling Agents

Highlights

  • Top 10 Honda Dealer in NSW
  • Highly Reputable With a Strong Customer Satisfaction Score
  • Easy to Run - Full Training Provided
  • Very Low Rent Below 5% of Turnover

Executive Summary

This is a Honda motorcycle dealership, selling a wide range of motorcycles as well as parts/accessories and services for all brands. The business is seeing strong year on year growth.


Location Details

Situated on a busy intersection, in the vicinity of a major retail mall. The closest competing dealership is more than 20 kms away.


Potential

- The business does not currently utilize social media sites and would benefit from targeted campaigns along with a relevant local area marketing.

- Opening up a second or third outlet would increase exposure throughout Sydney as well as offer the opportunity to expand the current retail offering through new brands and products.

- Additionally, opening 7 days instead of 6 would benefit growth and extend current revenue streams.


Skills

Full training will be provided by both the owners and Honda. Honda provides both system and sales training and the owners will provide know how on the actual running of the business.


Hours

The business currently trades 6 days a week. Monday to Friday 8.30- 5.30 pm and Saturday 9 am to 3 pm.


Lease

A new 3-year lease is available, with an option to renew for another 3 years. Increases are at cpi only.


Employees

2x Casual

2x Full time (Owners)


Reason for Sale

After 35 years, the owners are now ready to retire.


History

This business has been in the same site for 45 years. The current owner used to work for the previous owners when he bought the business 35 years ago. It continues to show strong revenues year after year, and top line growth last year was over 15%.


About the Business

This business is showing rapid turnover and profit growth. An opportunity to buy such a successful business is indeed rare. The new owner can choose to work in the business or to run it under management, depending on personal circumstances.

The wholesale, servicing and parts/accessories side of the business is highly profitable. The business is very well known for its high standard of service excellence that has been built up over the years, both in the store and in the workshop- this has resulted in a customer satisfaction score of 4.6/5. It provides servicing for all makes of motorbikes. The business has an extensive customer base of over 9000 customers and an integrated management system that runs the cash register, the customer database, parts delivery and stock as well as the payroll.

There is a comprehensive list of fixtures and fittings, all paid for and ready for the new owner to start trading from the first day.


A few facts about the business

- Top 10 Honda dealer in NSW

- Offered for the first time in 35 years

- Very low rent below 5% of turnover

- Easy to run - full training provided.

- Highly reputable with a strong customer satisfaction score


For more information on this opportunity, please contact the undersigned:


Robbert Van Den Bogaardt

Business Sales Specialist

M: 0412 070 965   E: robbert.vandenbogaardt@raywhite.com


Disclaimer: 

Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner’s salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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