Business Sold Melbourne, Victoria 3000
Business Category Mobile Services Repair
SOLD
Description
Sold! Specialists In The Fitting Of Windscreens And Windows To Buses And Coaches – Melbourne
Business ID: BS156787
Profit in excess of $300k per annum.
The business specialises in bus glass and the fitting of windscreens, side and rear windows, hopper windows, door glass, and emergency exit glass for the bus and coach industry.
The business is effectively run under management (the owner spends 30-60 mins per day overseeing operations, and does not do any hands-on work fitting glass).
Bus and coach companies can suffer financial loss when a vehicle is unable to be used due to glass damage, it must be fixed promptly
- Business has a fleet of mobile fitting units (3 x customised trucks) that service metropolitan Melbourne and local country areas within Victoria
- Every bus in Victoria must pass an Annual Safety Inspection (“ASI”) undertaken by a licenced bus tester (“LBT). Any piece of glass with the slightest of chips or cracks must be replaced if the bus is to pass its ASI. This provides a legislated recurring revenue stream to the business.
- Minimal competition and strong profit margins
- 2 x full-time employees, 1 x casual employee
- Extensive database of current and previous customers
- Annual Sales $900,000+, Profit $300,000+
- Simple business to own and operate (current owner is NOT a glazier)
A handover to a buyer will be a short process as the business is that simple to operate. The current owner has never met a customer or fitted a windscreen.
There are approximately 18,000 buses registered in Victoria and very few businesses specialising in bus glass replacement. This business has a distinct niche and has huge growth opportunities.
Asking Price: The asking price is $790,000 including stock.
Property Code: 3737
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