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DealProspect/Listings/Automotive

Midas Car Care Centre, Cairns

Automotive Workshop

ActiveAutomotiveQueenslandB2C
Asking price
$1,300,000
Disclosed · AUD
Revenue
$2,000,000
TTM
Earnings (est.)
~$426,600
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.0×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
  • Multiple award-winning Midas Car Care Centre franchise in Cairns, the only Midas store in the city
  • Well-established store with sales around $2,000,000 per annum, trading 25+ years
  • Secure long lease in place with favourable terms
  • Growth opportunity through increased local marketing and weekend trading
  • Recently refreshed to full Midas brand compliance
  • Owner retiring after 25 years; priced to sell at $1,300,000