SOLD! Transport and Distribution Business – Central Coast/Sydney

The business has been in operation for well over 10 years and under current ownership for the last 5 years. There is no competition to the service provided.

The business operates 3 rigid axle trucks that provide a daily collection and distribution service for vehicle tyres and related products from the importers in Sydney to vehicle maintenance professionals on the Central Coast. Orders received before 8.30am can be delivered same day.

• Revenues increased 18.8% FY19 – FY20
• PEBITDA increased 36% ($50K) FY19 – FY20
• YTD revenue increase 38.6% FY20 – FY21
• Significant vehicle assets included ($180K)
• Good staff in place
• Simple business to administer
• Est standard routes for collection and delivery
• Opportunity for further growth
• Owner retiring

The owner will include a 2 week handover with the sale of the business. A longer period is available if required subject to discussion.

This business is well established with no current competition in the area it services. Sales have grown noticeably during the Covid period as a result of increased travel within Australia, and this (along with the addition of another truck/driver) has resulted in a strong income increase for the vendor.

The recent opening of the North Connex tunnel in Sydney has significantly reduced fuel costs and transit times to suppliers in Sydney and the return trip to the Central Coast. This should translate to reduced expenses and increased profit margins in FY21 and beyond.

The business goodwill and assets are for sale for $340,000 (plus GST if required).