Who Owns BMW Gold Coast? Official Ownership and Operational Overview
Understanding the ownership of BMW Gold Coast reveals a clear partnership between BMW Group and its regional franchisee, ensuring consistent quality and localized service. This structure supports long-term reliability for customers seeking authentic BMW experiences. For prospective buyers or owners, BMW Gold Coast stands as the trusted gateway to BMW ownership on the Gold Coast.
The Gold Coast BMW dealership represents the BMW brand on the Gold Coast and Northern NSW region. The Motorline Bodyshop also provides an additional complementary revenue stream to the core South Brisbane and Gold Coast dealerships. The Motorline Businesses' revenue for FY22 was approximately $261m and net profit before tax was approximately $12m.
The Company has entered into an agreement to acquire the business and assets of Motorline BMW, Motorline MINI, Motorline Bodyshop, Gold Coast BMW and Gold Coast MINI. These businesses are privately owned by Eastcoast Automotive, Eastcoast Asset Services and Motorline Bodyshop, and will also expand BMW and MINI's representation in Queensland. Autosports Group Limited (ASX: ASG) has acquired Queensland-based Motorline BMW and Gold Coast BMW, MINI, and the panel repair businesses of both dealerships.
ASG is a leading retailer of prestige and luxury cars in New South Wales, Queensland and Victoria. The acquisition complements the Group's strategy of representing luxury brands in key metropolitan areas, and adds to the Group's. Bought for about $60 million from privately-owned businesses, the acquisition is for Motorline BMW and Motorline Mini (located in the Brisbane suburb of Daisy Hill) and Gold Coast BMW and Gold Coast Mini.
The deal includes the Motorline Bodyshop panel repair business. Autosports Group Limited has entered into an agreement to acquire the business and assets of Motorline BMW, Motorline Mini, Motorline Bodyshop, Gold Coast BMW and Gold Coast Mini. The Motorline Businesses are privately owned by Eastcoast Automotive (QLD) Pty Ltd, Eastcoast Asset Services Pty Ltd, Service Master (Aust) Pty Ltd and Motorline Bodyshop Pty Ltd.
The $60m purchase of goodwill, plant. In a move to bolster its footprint on Australia's east coast, luxury car retailer Autosports Group (ASX: ASG) has today announced its plans to acquire four dealerships and a body shop for $60 million in Queensland. As the Gold Coast's only accredited BMW dealership, we are proud to represent the BMW brand and its heritage throughout the Gold Coast and Northern NSW region.
Autosports Group completes acquisition of Motorline & Gold Coast BMW, MINI and Bodyshop Autosports Group Limited (ASX: ASG) is pleased to announce that today its wholly owned subsidiaries completed the acquisition of the business and assets of Motorline BMW, Motorline MINI, Motorline Bodyshop, Gold Coast BMW and Gold Coast MINI (Motorline Businesses). The Gold Coast BMW dealership represents the BMW brand on the Gold Coast and Northern NSW region. The Motorline Bodyshop also provides an additional complementary revenue stream to the core South Brisbane and Gold Coast dealerships.
The Motorline Businesses' revenue for FY22 was approximately $261m and net profit before tax was approximately. Autosports Group is pleased to announce it has entered into an agreement to acquire the business and assets of Motorline BMW, Motorline MINI Garage, Motorline Bodyshop, Gold Coast BMW and Gold Coast MINI Garage.