Automotive And Marine Workshop, Cape York Peninsula - Qld

Business ID: BS143941

Automotive & Marine Workshop, Spare Parts & Accessories Cape York Peninsula QLD

Vehicle Recovery RACQ, $3mil+ Turnover, Strategic Value, To Be Sold At Asset Value

Weipa Auto and Marine provides a range of products and services ranging from vehicle recovery and towing, vehicle and marine repairs and all related part sales to local residents, businesses and visitors to the Cape York Peninsula. The business has held the RACQ agency for Weipa since 2005 and Coen since 2010. The business is also the authorised Holden service agent for the region since 2015.

The business is located in Weipa, a vibrant coastal community located at the Northern end of Cape York Peninsula, around 880km from Cairns and just 300km from Australia’s Northern tip. The area features beautiful beaches, untouched wilderness and unrivalled fishing. The business operates from a purpose built workshop, with 6 large bays and 100m2 air-conditioned office located on 1,800m2 land with significant hardstand areas.

Business Highlights

-Turnover Exceeds $3 million
-Experienced employees to remain
-Exceptionally well presented office and showroom
-5 x mechanics, including marine
-8200 Facebook followers
-4.8 out of 5.0 Star rating from over 50 reviews
-No one client accounts for than 15% turnover

The Cape York Peninsula is expected to enjoy continued growth with the opening of Rio Tinto’s $2.7 Billion Amrun project, along with the continued operation of existing mines. 4WD and fishing enthusiast numbers also continue to grow and an increase in traffic is expected in Weipa with a new road opening. Great opportunity if you’re looking for lucrative profits in a pristine setting escape the city.

After 15 years in the business, owner looking for a planned exit to pursue new experiences.

Asking price for business is asset value only $890,000 PLUS stock estimated at $550K

Property Code: 1830