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GRANVILLE, NSW
Priced To Sell - Car Transport Business For Sale - Earning $11,000 per week net - Sydney based
Priced To Sell - Car Transport Business For Sale - Earning $11,000 per week net - Sydney based
Granville, NSW, 2142
Services · Car/bus/truck
$950,000
Business Background and History This company specialises in car transport of cars in the prestige market. Very few competition in the transporting of second hand and new cars, fleet cars, luxury cars. Established for 6 years along the Eastern seaboard including Brisbane, Sydney and Melbourne. The asset list includes 7 interstate vehicles and 6 local vehicles. Good customer base with some customers spending up to $40,000 per month. Operating HoursMonday to Friday 8.00am 4.00pm Employees 1 x full time owner working 5 days per week approximately 20 to 30 hours, 2 x full time drivers, 4 contractors on ABN and 5 sub contractors when requiredLease3 years lease remaining in Sydney and Brisbane lease is due to renewal. Both landlords open to new lease if required. Sydney rental is $4175 per month and Brisbane is $3850 per month including GST Potential* Currently run under semi management. With the owner working only 20 hours a week * The revenue has been increasing by 20% - 30% year on year for the past 3 years* The current owner is knocking back jobs and only cherry picking the jobs that he wants. There is easily a demand for about 2 to 3 more vehicles on the road. * Hire more inhouse drivers to add more profit. Currently there are only 2 full time drivers. There is potential to add 2 or 4 more full time staff to reduce the expense of using sub contractors. Currently sub contractors are taking about 65% of the gross revenue Weekly Financials Weekly Takings $79,003Cost of Goods $9095 (Fuel and oil)Gross Profit $60,507 Rent $1851 (Includes $800 p/week for Brisbane)Wages $3847 (does not include the owners wage)Subcontractors $35,521 (currently taking 65% of the sale)Telephone $36Insurance $2185Electricity $100Misc 1 $3964 (rego/ insurance, repairs & maintenance)Misc 2 $593 (travel, accommodation, tolls and parking)Misc. 3 $530 (truck hire and other expenses)Total Expenses $48,916Nett Profit $11,591Asking Price $950,000 + Assets (valued at $2,500,000)Total price including assets $3,450,000 Reason for sale:Genuine reason for sale owner looking to relocate and live overseas. Non-compete agreement signed as a part of sale*Please note photos are for advertising purposes only and does not necessary depict photos of the business
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