WA 6517

400,000 plus freeholds (3) 270,000
Property Details

WA 6517

400,000 plus freeholds (3) 270,000
Description

SCHOOL BUS GOVT CONTRACTS, KLEANHEAT/BOC GASES - B&B - FREEHOLDS

- CARNAMAH WA

ADJ NET PROFITS $303K 2023 GREAT RURAL COMMUNITY, PROFITABLE FARMING DISTRICT, DIVERSIFIED BUSINESS $303k + Net Profit adj freehold basis

Carnamah businesses operating successfully 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

This business has a proven taxable adjusted Net Profit for husband & wife of $303k PLUS on a freehold basis 2023 financial year.

Breaking this opportunity down further, consider these three (3) freehold properties.

– shop premises (substantial size) $50k
– Commercial Bus shed (man cave!) $50k
– B&B House (in town) $170k! (strong demand)
– B&B Goodwill $30k
– Two School (2) Buses $120k
– Evergreen Govt contract goodwill $240k
– Stock/shop fittings $40k

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
• B&B (generally no owner involvement other than one (1) hour per week) Education dept (teachers) regular occupants
• Strong cash-flow business requiring minimal working capital
• All agencies are easily managed by husband/wife owners, allowing great income diversification
• Stock estimate $30,000
• some vendor finance available
• 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 in 2024) and a Lotto counter fit out completed in 2022. 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, 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; therefore, 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 $199k total. Should you wish to buy leasehold then an option to buy freeholds would be considered.

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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