Ogilvie Automotive and Exhaust

Business Details

The seller is prepared to offer $30,000 seller finance to be repaid in small weekly instalments over 2 years.
Are you a Mechanic that wants to own your own business but don't know where to start?
You have two options if you want to be in business:
* Option 1 - Start it from scratch: This means leasing premises and investing $100k+ in fit out and plant and equipment. Spending tens of thousands on marketing while sitting around waiting for customers to turn up.   Most small business start-ups are barely break even in their 2nd year.
Start up can mean substantial upfront costs, no customers and initial losses.
* Option 2- Buy and improve: Spend far less time, money and effort in securing an existing business with customers on the books and a full fully fitted out and equipped operation.
Buying an existing business can mean instant cash flow and customers and fast-track to instant profits!   
Why own this South Coast based mechanical shop?
Because, the owner, wants to relocate out of town and set the price for immediate and obvious sale.
It's a bargain...Ogilvie automotive has a well-established local brand that enjoys consistent business from a variety of local customers.
In 2015 the business achieved:
* Gross sales: $329,264
* Owners profit : $91,629
There is a secure lease in place with an annual rent less than $22k per year located on a 660sqm block.
All the fully operational equipment and plant are provided with the sale!
Ogilvie automotive presents an excellent opportunity for an experienced mechanic seeking to run their own business.
This mechanical shop operates on the New South Wales South Coast and serves a variety of regular customers including and local government clients.
There is significant scope to improve advertising of this and build on the substantial customer base.
The current owner is highly motivated and is keen to reach a deal and as such priced the business to sell.
To express your interest and receive our full Business Information Package (BIP), please email - sales@capitalcommercial.com.au - with your full name, contact number and stating that you would like to receive further information about this business. We will then email you the deed of confidentiality, which once completed will enable us to email you the BIP and supporting documents.
Thank you on behalf of the team at Capital Commercial Business Sales.

Financial Snapshot

Reporting Period 2017 (annualised) Weekly Average 2016 Weekly Average 2015 Weekly Average
Sales $262,518.00 $5,048.42 $258,796.00$4,976.85 $329,264.00 $6,332.00
PEBITDA Being Prepared $0.00 $48,071.00$924.44 $91,629.00 $1,762.10
Rent $17,528.00 $337.08 $25,289.00$486.33 $21,112.00 $406.00
Wages and salary $37,440.00 $720.00 $44,840.00$862.31 $38,362.00 $737.73

Business Summary

Moruya South Coast, New South Wales
Automotive & Marine dealers.
  • Premises: Unit 1, 16-24 Yarragee Road, Moruya.
  • Sublease commencement date: 6 May 2013.
  • Sublease expiry date: 5 May 2017. Options: For a period of two (2) years.
  • Current rent per month: $1,907.40.
  • Base rent: $19,760 per annum plus GST.
  • Annual increase: adjusted for CPI.
  • Outgoings: 17% of water rates and 17% of land rates.
Both the owner and one employee manage and run the business
8:00AM to 5:00PM - 5 Days
Owner operated

Enquire Now

Sales Summary

Sale Status : For Sale

Sale Method : Private Treaty

Investment Amount : $65,000

Stock at Value : $0.00

Finance Options : Seller Finance Offered 25%

Frank Walmsley

1300 793 690

0400 446 605