WA 6517

490,000 plus stock
Property Details

WA 6517

490,000 plus stock
Description

SCHOOL BUS GOVT CONTRACTS, NEWS/LOTTO, - NO STAFF REQUIRED, - FREEHOLD BUSINESS AVAILABLE+!

- CARNAMAH WA

PROFITS CIRCA $302K GREAT RURAL COMMUNITY, PROFITABLE FARMING DISTRICT, DIVERSIFIED BUSINESS $302k + Profit adj freehold basis

Wallace’s Carnamah has been operating with the current owner since 1991 from well-located premises in the main street; approximately 307 km north of Perth. Easy driving to or from Perth

Diversified business operation provides a range of products and services to the local community.

• School Bus runs (2) (Govt Evergreen contracts renewed for another five (5) years in June 2023
• Newsagency/Lotto (WA Govt license)
• Agent for BOC Gases (Industrial Commercial bottle Gas)
• Agent for Kleenheat Gas (Domestic Bottle Gas)
• Workwear/High visibility clothing
• Strong cash-flow business requiring minimal working capital
• All agencies are easily managed by two owners, allowing great income diversification
• Stock estimate $50,000
• some vendor finance considered
• easy handover period will be arranged

The district/township is thriving, safe and does not have any undesirable interests. It’s a simple recipe for success, service the town people by operating the school bus and news/lotto shop which has the agencies.

The business has excellent equipment in place being late model well maintained school buses (one bus being replaced with new this year) and a Lotto counter fit out completed in 2022. Growth in sales has been evidenced over the last twelve months with 2023 trading PROFIT maintaining the trend. The business has been very streamlined over the years and does not take any more than standard working hours to complete the working week. The key to the longevity of this business is it’s easy to run due to its variation, you can go from driving a school bus to news/lotto to supplying gas bottles, that’s good variety!

Following a thirty-year stint, the owners are looking to a retirement in 2024.

The business is simple in its operation trading predominantly Monday – Friday. with a few hours on Sat morning only. School buses don’t operate during school holiday periods; trading basically restricted to 40 weeks of the year! So if you want to have a holiday that would be the time!

NO STAFF REQUIRED – easy husband & wife business.

Approx. one hour (1.25hrs) drive due west to coastal town of Leeman should a bit of fishing or coastal touring interest you.

Freehold business premises and a separate industrial school bus shed are also available for sale for $200k total. Should you wish to buy leasehold then an option to buy freeholds would be considered.

This business has a proven taxable adjusted Net Profit for husband & wife of $302k PLUS on a freehold basis 2022 financial year. If you wish to buy on a leasehold basis then the Adjusted Net Profit based on Husband & Wife operation 2022 fin year $272k (after $30k rental allowance)

Get out of the rat race you won’t find a better business opportunity in a good town/district. Profitable businesses that are diversified and have stood the test of time don’t come up often.

Call Greg Hunter exclusive selling agent M: 0414597327

Property Features
Greg Hunter
Director
0414 597 327
(08) 6389 0988
I have been in the real estate industry since 1996 specifically operating from Hay street Subiaco. With a long term background in the finance industry combined with small business ownership I am well qualified for the day to day business of real estate. I have always surrounded myself with quality people that can deliver on promises. My current staff are no exception, they all come from a diverse multicultural background. Our office covers all aspects of real estate transactions including residential sales, commercial sales, business agency & property management. As an office we operate with a sense of belonging based on family/sharing & social responsibility. I personally am involved in Rotary and am currently Community service directorate chairman and on the committee for ROMAC - Rotary Oceanic Medical Aid for Children. We take life seriously but not ourselves, we enjoy having fun whilst achieving our goals. Clients can and have depended on G Hunter and Associates to achieve their real estate dream. It doesn't cost any more to get the job done right and maximize your return on investment! Why not call us today?
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