Freehold Automotive Shop, Seven Hills, Hidden Gem.

Offers over $1,560,000+SAV.

Rare Freehold Automotive shop for just $1,560,000+SAV in prime location of Seven Hills, Sydney as going concern.

Sought after location along with other Mechanic shops and industrial hub at Seven Hill, NSW.

Fully Licensed mechanic shop operating over 30 years, approximately 200 sq Mtr workshop, along with 7 to10 dedicated car park. Last 2 shops hence no obstructions.

Over 400 loyal customer base/account, Known for quality automotive services like engine, Automatic gear box, Rego, Mechanical work on European, Japanese, sports, muscle and customised jobs for cars.

3 hoists are in place, most of the necessary equipment are in place. Experienced mechanics may stay back as they are local depending on negotiation (Hand tools are not part of the sale)

Property is located along with set of 7 shops, last 2 shops for sale next to each other, total built up area is approximately 200 sq mtrs, maintained by Strata Has 2 offices, shower cabins and toilets.

• Land area: Approximately 542 sq meter (2 shares of 1899 square meter)
• Revenue: $60,000.00 rent and around $447,000 from Automotive shop
• Expenses: $280,000 Approximately
• Net income before tax: $167,000 for owner operator approximately apart from the rent of $60,000/per Annum. Together Income before tax for owner operator $227,000/year approximately before tax
• Currently operated as Owner operator, along with other mechanics

Note: This is one of the best opportunity to buy the property with Mechanic shop in Sevenhills.

Potential:

• Increase the online presence by digital marketing
• High density location, Join with rest of the shop owners may be good opportunity for development subject to STCA

Cost to acquire:

• Property and Business: $1,560,000+SAV
• Just Business: $260,000+SAV
• Stamp duty: Standard.
• Legal fees at actuals for transfer.

Note: Either Property and business together sold as going concern or just business sold for $260,000+SAV.

Please Contact:

Broker: Gilraj Venkatappa
Phone: 0401744199
Email: gilraj.venkatappa@linkbusiness.com.au.

Listing Number: NSW10325

To complete an online confidentiality agreement, visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW10325

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF