Sold! Sd Car Detailing Mechanical Workshop (administrator Appointed)

Business ID: BS151778

Turnover $600k+ All Offers Considered. Under Management Breaking Even in FY 22 and Forecasting over $60k Profits for FY 23. EOI closes Monday 10th October 2022

SD Car Detailing business is now focusing on high-profit margins services. The workshop side of the business started in 2018 with 4 partners before essentially focusing on the car detailing market since January 2020. The business entered into Voluntary Administration while arguably being profitable in FY 22. The business has retained only one director and two full-time employees. The business is on track to reach $600k turnover with profits.

-Car Detailing Studio equipped with $25,000 worth of equipment
-No further investment required to sustain the forecasted turnover and Profits
-Lease in place or the next owner could be opting to take the business out of the lease for relocation
-2 fully trained car detailers employees (one owner) and a casual
-All liabilities have been now sorted by the current Administrator
-Could reactivate insurance works
-2 contracts for FY 23 in place for $100k worth

The owner and the team are ready to continue working in the business and this will be an opportunity for other detailers and investors to retain skilled and conscientious workers in their team!

This business is suitable for either existing Car Detailing owners wanting to retain fully trained staff members, assets and current database but also for an investor with a passion for cars. The current owner has separated from all previous owners and can now focus on the higher profit margins & efficiency in executing those jobs.

Asking Price: The business must be sold. All reasonable offers will be presented to the Administrator. Expression of Interest close Monday 10th October 2022 at 2:00pm.

Property Code: 2986