Full car service, 25 years trading
About the business
Midas is an automotive business in Sydney, New South Wales. Midas has over 40 years experience in the Australian market. The current owner is retiring after 25 years. It is the only Midas store in Heathcote, and the business is fully compliant with the Midas brand. A long lease is in place, and the parking has many spaces. Buyers need no prior mechanical experience, and full training and ongoing support are provided. The broker reports a strong regional reputation, a very loyal repeat customer base that has expanded over 25+ years, and a secure lease with favourable terms. The broker reports minimal debtors with stable turnover week on week, a well established and highly profitable store, and a state of the art workshop.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$550,000
Paid by
Your cash$165,000
Secured loan, 7 years at 6.98%$385,000
Each month
Loan repayment$5,810
Repayments each month
$5,810
Over 7 years you repay $487,781, of which $102,781 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
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