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Listing ID: 2835371

Franchise Auto Services Business For Sale

South Africa

R900,000 Selling price negotiable

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

This auto repairs business was established 30 years ago and has been operated for the last 4 years as a franchised outlet in the West Rand and been managed by the present Owner since August 2017.

The auto repairs outlet is a franchised mechanical automotive workshop specialising in the servicing and repair of all makes and models of passenger and light commercial vehicles. It offers quality service for minor, major and Timing belt services as well as general repairs, aircon services, engine overhauls, brake and clutch replacements, CV joint replacement, diagnostic services, steering suspension repairs, etc.

The target market is both male and female, >LSM 7 up, vehicle owners in/out of warranty within 20 km shop radius. Current advertising and marketing of the auto repair outlet is mainly done using the franchisor website, distributing pamphlets, Facebook & Google adverts and signage boards.

The only reason why the owner wants to sell this franchised auto repair outlet is that he is moving on to another exciting business opportunity.

The selling price of this business on offer is R900 000 plus VAT and includes assets of R655 000 and stock at cost of about R151 000.

The total monthly turnover for the 7 month period August 2017 to February 2018 was R802 613.

The calculated NPBITD for the mentioned seven-month period was R179 000.

This represents a ROI of 28% on the selilng price.

Full financial statements of expenses/income as well as a detailed asset list, are available to serious buyers.

The Seller is prepared to stay on for one month on a part-time basis to ensure a smooth take-over by a new buyer.

Opportunities to grow the business to increase sales/profits, is amongst others, aggressive marketing strategy with vehicle dealers to obtain new contracts to service/repair cars, more marketing efforts with the distributing of pamphlets, etc.

The workshop has recently obtained a five star MIWA and is in the process of obtaining RT46 merchant registration (government vehicles). Bid Track Fleet maintenance is included in the sale.

It is an ideal opportunity for a new buyer to grow and to be successful in a very competitive industry.

For any further enquiries about this business on offer, please contact the listed Link West Rand Broker.
Ref: WR00007
Timestamp: 20180524054547

Property Details

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