Ad ID: 82157

Canterbury Landrover Business for Sale Christchurch

Canterbury Landrover - Parts Sales Nationwide - Service & Repair - Value of Stock & Plant exceeds $500k!!

Location:
Asking:
$495,000
incl. stock & plant

Business for Sale Description

Canterbury Landrover Business for Sale Christchurch

Background

The business was established over 20 years ago by a Landrover enthusiast who was a Civil Engineer by training. Since then sales have grown to $1m + GST, with around 50% being the sale of parts nationwide, and the balance being repairs & service work for the increasing numbers of Landrovers in New Zealand.

The Brand

With over 1,000 new Landrovers sold each year in New Zealand, there is a growing need for after-market service and repairs which drives the service side of the business. The Canterbury Landrover Owners Club has regular activities and outings that contribute to Canterbury Landrover being considered a credible and valued service provider.

Spare Parts

Genuine Landrover OEM and aftermarket parts are imported with the cost price of this stock circa $500,000. Perhaps half of this could be considered “slow stock” but still represents value to the business when required. The vendor accepts that he will not recover the full cost of these parts, which in turn represents a significant opportunity to the buyer of this business. Parts are used by their own workshop and are also sold nationwide, primarily to other workshops.

The Team/The Buyer

With a qualified team of three auto technicians and an experienced spares/customer service person, Canterbury Landrover enjoys an excellent team culture. The owner is mostly “off the tools” but his knowledge and experience dictate that he will be readily available to assist a new owner (part-time) for as long as is reasonably required. The buyer is likely to be a Landrover enthusiast and/or an automotive technician that would enjoy working with this prestigious Marque.

Business Resources

Plant, Diagnostics & Premises

Canterbury Landrover is fully resourced with all the physical tools, hoists etc. required to operate the service workshop. The business also has access to all the diagnostic capabilities (including factory level diagnostics) that is required for the repair of the more recent Landrover models. The business operates from an extremely tidy workshop in Hazeldean Road that has been repaired to 100% of National Building Standards.

This business has a genuine vendor and a very strong asset backing – enquire now!!!

Sale Price $495,000 incl. stock & plant

Net surplus $179,826 EBPITD

 EBPITD = Earnings Before one proprietor drawings, Interest, Tax and Depreciation

Interested In This Opportunity?

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Tabak Business Sales (Christchurch)
For more info
Contact:

Damien Fahey

Damien Fahey
0276 853 536 or 03 3777 491
Phone: Damien Fahey 0276 85... or 03 3777 491
Tabak Business Sales (Christchurch)
Licensed REAA 2008
Broker Ref: chch

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