Midas Car Care Centre, Cairns

Midas Car Care Centre, Cairns — Automotive · Cairns, QLD · Asking $1,300,000 · Revenue $2,000,000

Franchised Midas car service and repair centre, the only store of its kind in Cairns Trading for around 25 years with a strong, loyal repeat customer base Owner is retiring after leading one of the brand's top-performing stores nationally Secure long lease in place with favourable terms Recently refurbished, fully compliant with the Midas brand Scope to grow further with additional local…

DealProspect/Listings/Automotive

Midas Car Care Centre, Cairns

Automotive Workshop

ActiveAutomotiveQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

$1,300,000

Disclosed · AUD

Revenue

$2,000,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

• Franchised Midas car service and repair centre, the only store of its kind in Cairns • Trading for around 25 years with a strong, loyal repeat customer base • Owner is retiring after leading one of the brand's top-performing stores nationally • Secure long lease in place with favourable terms • Recently refurbished, fully compliant with the Midas brand • Scope to grow further with additional local marketing and weekend trading

How it compares

Automotive workshops in Queensland · asking prices

40% above bigger automotive workshops here

Bigger automotive workshops here ask a median 0.46× revenue. On its $2,000,000 revenue, that points to about $926,000; reads like this are typically within 30%, so $648,000 to $1,200,000. It asks $1,300,000.

Asking price: $1,300,0003.3 times the median of $400,000
Revenue: $2,000,000median is $1,500,000
Revenue multiple: 0.65×0.41× across the market; 0.46× for bigger ones, 0.37× for smaller
Time listed: 34 daysno price change

Automotive workshops in Queensland

Automotive workshops for sale in Queensland (76) →

Listed

+8 in 30 days

Median asking

$400K

72 priced

Median revenue

$1.5M

37 disclose

Earnings multiple

2.4×

12 listings

Price drops

in 30 days

Asking price spread72 of 76 state a price

This listing · $1.3M

21%

36%

19%

14%

Under $100K$2.5M–$5M

Australia 188 · Victoria 44 · Western Australia 27 · New South Wales 25

Cafes 141 · Takeaways 107 · Restaurants 75 · General retail businesses 61 · Manufacturing businesses 56 · Hair salons 53

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