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Used Car Spares and Scrapyard


Description:    Established 20 years ago, this is arguably the best used spares and scrapyard business in Cape Town. A large well shelved building in a large yard which also has frontage area for used car sales.
Industry / Sector:    Motor - Other
State / Province:    Western Cape RSA
City / Town:    Cape Town
Location / Area:    Bellville area
Portability:    Low Portability - Relocation is not possible. But there may be limited value in licences, patents, technology or access to clients and suppliers which would add value to a similar operation at another location taking over
Asking Price:    R 9 980 000
Conditions:    Cash stock included R24 m
Turnover:    R 800 000 per month
Profit:    R 300 000 per month
Annual Return:    36 % per annum
No. of Staff:    8
Year Established:    1997
Legal Persona:    Close Corporation
Other Information:     
The stock is valued at R24m at cost.
Stock control is managed by a computerised system.
Monthly stock purchases from auctioneers exceed R500 000 against a turnover of plus R800 000 per month.

In addition to the purchase price, a buyer would need approximately R500 000 available as working capital.

Trading hours are 8 to 5 weekdays and 8 to 1 on Saturdays.



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Record ID: 2714
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