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PROFILE |
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Description: |
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This business has grown from a very small business basis to a very profitable auto parts business renowned in the Western Cape. The only reason for selling is that the owner has ventured into another business and cannot manage both business. |
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Industry / Sector: |
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Motor - Other |
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LOCATION |
| State / Province: |
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Western Cape RSA |
| City / Town: |
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Pringle Bay |
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Location / Area: |
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Pringle Bay |
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Metro Proximity: |
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Cape Town. It should be possible to commute from this metro city to the business location. |
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Portability: |
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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
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PRICE |
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Asking Price: |
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R 8 000 000 |
| Conditions: |
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Cash |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 2 000 000 per month
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| Profit: |
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R 300 000 per month
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| Annual Return: |
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45
% per annum
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| No. of Staff: |
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15 |
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Year Established: |
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2002 |
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Legal Persona: |
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Private Company (Pty) Ltd |
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Other Information: |
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FINANCIALS
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All financials are up to date and the business runs on a cost of sales of 72% and a GP of 28%.
Assets of R2,9 million includes 3 vehicles.
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MARKET CONDITIONS
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Due to the economy, owners tend to repair/maintain their cars as opposed to buy a new vehicle at unaffordable prices.
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