General mechanical repair franchise

About the business

This is a mechanical repair business in Cairns, Queensland, offering general mechanical services. It is a franchise, and the only Midas franchise in the region. The owner is retiring after 25 years in the business. The business has seven employees, with a workshop manager and the mechanics already in place. Trading is currently five days a week, with the option to add Saturday mornings, fleet work and tyres. The current owner works in the business, and the level of hands-on involvement is flexible. Full training and handover are included, and no prior mechanical experience is required. The premises are on a long-term lease. Franchisor support and systems are in place. The broker reports a strong reputation in the Cairns repair market, a loyal and expanding customer base over 25+ years, and minimal debtors with stable turnover week on week. The broker reports that it is a multiple award winning centre and one of the top 3 Midas stores nationally, with no direct local competition and a long lease with favourable terms. The broker reports potential to grow through weekend trading, more local store marketing and fleet work, and ample parking with many spaces.