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.)

~$498,841

Estimated · comparable listings of this type and size · typically within ±25%

Implied multiple (assumed)

~2.6×

Assumed · asking ÷ estimated earnings (as advertised)

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

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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