22 Thompson RoadNorth Geelong VIC 3215
Property Details for 22 Thompson Rd, North Geelong
Last Listing description (July 2012)
A business like no other
A strong new and second-hand tyre business showing continual growth over the past 8 years rarely comes on the market, its usually snapped up privately. Well we have the opportunity in offering this sound tyre business with an exceptional track record up for grabs. The business is a husband/wife team operation, plus 3 reliable staff. The majority of sales is second hand tyres with a healthy profit margin but also incorporating new tyres to cater for all client's needs. This business comes complete with everything necessary for future growth on a busy road location. The business is dealing only in tyres but has great potential for mechanical repairs with the option of sub leasing half the floor space to possibly a mechanic/car detailer to complement the tyre business. There is strong existing turnover producing attractive net profits, vendors are in need of a break so are pricing the business to sell.
* Accountant figures past 8 years + BAS available to genuine buyers
* Business established some 8 years
* Long secure lease in place over large premises approx. 900m2 (1733m2 Land Size)
* Rent $4,583 + GST pcm
* All plant & equipment in excellent order & owned outright
* Gross sales exceed $18,000 per week / $900K + p.a
* Tremendous net profit shown on tax figures
* Sale price $600,000 - $650,000 w.i.w.o. (plus stock & equipment)
* included in sales is ebay shop trading 8 years & website (www.baycitytyres.com.au)
This long established tyre business has proven the test of time and offers new owners peace of mind in knowing that exceptional accountant figures over many years will satisfy their Bank Manager if seeking finance and provide income guidance for the future.
Tim Palioudis 0411 594 038
Property History for 22 Thompson Rd, North Geelong, VIC 3215
- 04 Apr 2012Listed for Sale $600,000 - $650,000
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About North Geelong 3215
The size of North Geelong is approximately 5.0 square kilometres. There are 12 parks, covering nearly 16.5% of the total area. The population of North Geelong in 2016 was 2966 people. By 2021 the population was 3225 showing a population growth of 8.7% in the area during that time. The predominant age group in North Geelong is 30-39 years. Households in North Geelong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Geelong work in a professional occupation.In 2021, 56.70% of the homes in North Geelong were owner-occupied compared with 53.00% in 2016.
North Geelong has 2,467 properties. Over the last 5 years, Houses in North Geelong have seen a 22.51% increase in median value, while Units have seen a 16.20% increase. As at 30 April 2026:
- The median value for Houses in North Geelong is $781,344 while the median value for Units is $514,235.
- Houses have a median rent of $490 while Units have a median rent of $480.
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