Frankston VIC 3199

$140,000.00

WHEELS AND TIRE SHOP

Phone enquiries - please quote property ID 27827.

Independent Wheel & Tire business around 40km south of Melbourne CBD. Large premises with main road exposure and ample car parking spaces for retail customers. The business comes with quality workshop fitting, balancing, and wheel alignment equipment, and modern showroom, and a decent reception area.

The business does selling of wheels, tires, lift kits, lowering kits, exhausts, snorkels, bull bars, and plenty of other accessories. The business is currently doing quite well and there is always room for expansion and growth in the business, from both retail and wholesale.

Limited competition in the area, sales over $850k-$900k p.a. with 2 full-time staff and 1 part-time and the owner pocketing around $180,000 p.a. Current lease expiring in May 2022 and another 5-year term remaining and owner happy to add another 5 years upon the transfer approval of the application.

Current rent: $6336.73+GST+Outgoings per month.
Asking Price: $140,000 (AUD)
Sales Revenue: Available on request
Cash Flow: Available on request

*Weekly Sales $20,000 EX GST
* Long lease is available
* Vendor will provide full training
* Loyal client base
* Suitable for owner-operator and investors
* Fantastic setup with equipment in excellent condition
* Business located in a growth corridor close to a car dealership and housing
* May be suitable for certain visa holders
* Asking $140K ONO + Stock Appx $90K

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Property Details

• Building Area: 400 m² (approx)