Midas Automotive Workshop - Cairns, QLD

Midas Automotive Workshop - Cairns, QLD — Automotive · Cairns, Queensland · Asking $1,300,000 · Revenue $2,000,000 · EBITDA $500,000+

Award-winning Midas automotive workshop franchise in Cairns, one of the top 3 Midas stores nationally Only Midas franchise in the region with no direct local competition General mechanical services including fleet work and tyres Seven staff plus a workshop manager, with flexible owner involvement Long lease with favourable terms; owner retiring after 25 years

DealProspect/Listings/Automotive

Midas Automotive Workshop - Cairns, QLD

Automotive Workshop

ActiveAutomotiveQueenslandB2B & B2C

Find funding for this deal →View original listing ↗

Asking price

$1,300,000

Disclosed · AUD

Revenue

$2,000,000

TTM

EBITDA

$500,000+

Implied multiple

2.6×

asking / earnings

Brief

Award-winning Midas automotive workshop franchise in Cairns, one of the top 3 Midas stores nationally
Only Midas franchise in the region with no direct local competition
General mechanical services including fleet work and tyres
Seven staff plus a workshop manager, with flexible owner involvement
Long lease with favourable terms; owner retiring after 25 years

Automotive workshops in Queensland

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Listed

+14 in 30 days

Median asking

$485K

81 priced

Median revenue

$1.9M

39 disclose

Earnings multiple

2.6×

12 listings

Price drops

in 30 days

Asking price spread81 of 84 state a price

This listing · $1.3M

17%

31%

23%

19%

Under $100K$2.5M–$5M

Australia 208 · Victoria 56 · New South Wales 26 · Western Australia 26

Cafes 147 · Takeaways 109 · General retail businesses 76 · Restaurants 73 · Manufacturing businesses 64 · Wholesale and distribution businesses 56

Priced like this one

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