REPUTABLE AUTO ELECTRICAL BUSINESS WITH TURN-KEY SYSTEMS! (6755)

Automotive, Online / Technology
| Owner Operator
| Perth Metro
GMO Ref# 6755

PRICE

$850,000 + Net Tangible Assets

NET PROFIT

$494,322

Ross Wilson

Contact Ross Wilson for more information on this business opportunity

This business specialises in electrical conversions for off-road / off-grid vehicles and customised mine spec vehicle fitouts. This reputable business is considered an industry leader for providing electrical automotive solutions to the automotive, mining, adventure, and oil & gas industries.

This high-powered business operates in a niche of its own with excellent systems in place and ticks all the boxes on a discerning buyer’s checklist.

  • Rapidly growing business specialising in online & retail sales and installation of auto electrical products
  • Forward order book in place for mine-spec standardised builds
  • Manufacturer of own branded automotive accessories
  • Popular automotive adventure brand in growing industry
  • Huge product range – 1,900 products on offer from leading Australian auto electrical brands
  • Complete step-by-step operations manual making it easy for a Buyer to learn the ropes
  • Franchising potential with replicable business model
  • Excellent new premises with full fitout and favourable lease with options
  • Key staff in place may consider purchasing a small shareholding capacity under new ownership
  • Young, dynamic and very motivated team
  • Great social media presence
  • Seller willing to provide support to Buyer to assist with client, supplier and staff retention

The business has experienced strong annual growth and presents a very good return on investment with FY23 adjusted net profit circa $495k.

With a projected 20 million electric vehicles on Australian roads by 2045 and a target of net zero emissions by 2050, this business is superbly positioned for the future and has the capacity to be grown substantially larger with the right guidance.

This business could be suitable for a qualified electrician or entrepreneur looking for a scalable expansion opportunity in the electrical automotive industry.

Business Broker |

Ross is a graduate from the University of Western Australia with a Bachelor’s Degree in Commerce. Ross is qualified as a Real Estate and Business Agent Sales Representative via REIWA and in 2020 he won the Business Broker’s Rising Star Award.Ross has experience in business advisory & consultancy roles and has been a business sales agent at GMO for over 6 years. Ross has been guided by the company’s senior brokers and has vast experience in a multitude of SME transactions across a range of industries. Ross takes pride in building mutually beneficial long term relationships and has a passion for delivering successful outcomes for his clients.____________________________________________________________________________________________________________________________________________Ross’ Recent Sales Success:
  • SOLD: Managed IT Services – $2,000,000
  • SOLD: Retail – $870,000
  • SOLD: Automotive Service & Repair – $670,000
  • SOLD: Managed IT Services – $300,000
  • SOLD: Construction – $2,250,000
  • SOLD: Cafe – $280,000
  • SOLD: Food Manufacturing – $2,100,000
  • SOLD: Fitness Franchise – $180,000
  • SOLD: Food Manufacturing – $675,000
  • SOLD: Gym – $900,000

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CONFIDENTIALITY DISCLOSURE AGREEMENT

  • The disclosers are willing to disclose such information to the recipient subject to their acceptance of the following conditions:
    1. The recipient shall treat all information received from the discloser as confidential and shall ensure that all such information remains confidential and shall not use any such information in any way other than for the specific purpose aforesaid. The recipient acknowledges that all conditions subsequent in this disclosure apply to the recipient and any associates of the recipient be they partners, co‐directors, trustees, holders of shares or officersin entity(s) the recipient has interest in.
    2. The obligations of paragraph 1 shall not extend to any such information which is in the public domain, or which hereafter becomes part of the public domain otherwise than as a result of any unauthorised activity or omission of the recipient, or which is already in the possession of the recipient and was not derived from the disclosers.
    3. The recipient shall return all such information received other than that which is submitted orally at the termination of such negotiations entered into as a result of this agreement.
    4. The obligations set forth in paragraph 1, 2 and 3 shall terminate 12 months from the date of this agreement or upon the disclosers and the recipients entering into an agreement whichever event occursfirst.
    5. The recipient shall obtain no rights of any kind to such information other than for the specific purpose stated in this agreement.
    6. The receiving party will not utilise any material made available to improve, construct or change another business, in such a way as to allow that business to compete with the business being discussed.
    7. The recipient understands that the information has been compiled by GMO from details provided by the Vendor. Prospective purchasers should be aware that it is not intended that any projections or this information be treated as a representation, warranty or promise by GMO or its representatives, as to the correctness of the information, or that all relevant information is contained in the information provided.
    8. The recipient acknowledges that they will not act on information provided without first seeking independent financial and legal advice.
    9. The recipient hereby agrees to declare any beneficial interest in any business that could currently be interpreted as being in competition with the subject business.
    10. The recipient agrees to return all documents supplied within 50 days of receipt (and any copies) should they decide not to proceed. The recipient further agrees to destroy any electronic information supplied by the Seller or GMO and to instruct their professional advisors to also destroy any information passed on by the Seller, the recipient or from GMO.
    11. The recipient acknowledges they are precluded from physically visiting the premises of the business or talking to any client, supplier or employee of the business without the permission of the discloser.
    The recipient/s hereby accepts the above conditions as binding on them in respect of the information referred to.
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