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HI-Q Motor Fitment Centre

PROFILE

Description:

Hi-Q is a network of automotive fitment centres in South Africa that provides a wide range of products and services, including tyre sales and fitment, wheel alignment, batteries, brakes, shocks, and exhausts. They offer services for passenger cars, 4x4s, and light trucks, using expert advice, technology, and branded products to ensure vehicle safety and performance. This is a well established site (+20 years).

Industry / Sector:

Motor - Repair

LOCATION

State / Province:

Eastern Cape RSA

City / Town:

Eastern Cape

Location / Area:

Main street location

Portability:

Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.

PRICE

Asking Price:

R 3 200 000

Conditions:

Slightly Negotiable

FINANCIAL & OPERATING INFORMATION

Turnover:

R 608 124 per month

Profit:

R 102 000 per month

Annual Return:

38 % per annum

No. of Staff:

Year Established:

2005

Legal Persona:

Private Company (Pty) Ltd

Other Information:

GENERAL OPERATIONS

This well priced business has been in operation for many years and stands out as highly profitable and priced correctly. HI-Q have an excellent franchise model and provide full support with the supply of tyres and exhausts. Their fee structure is very low. There is a Franchise joining fee of R80,000 for a new franchisee.

PREMISES

Leases in place but negotiable. Premise available to buy at R4,28m

ASSET STRUCTURING

All the equipment needed to operate the business is in place and includes car lifters, wheel alignment and balancing machines.

PROPERTY MIX

The Price for the business renders a return on investment of 38.25% and with the property included 17.4%.

ASSET VALUATION

The business is sold inclusive of all the assets

STOCK INCLUDED

Stock to the approximate value of R486,000 is included in the asking price.

STAFFING

Full staff complement in place.

NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT

Full training and support will be provided by the current owner with long enough transition to transfer knowledge. HI-Q provides full training and support as well. No special skills needed as it is mostly managing the business.

OPPORTUNITY for GROWTH

There is huge scope for growth but business needs to be stocked up adequately as the site is in a town but not close to the main centres.

LIFESTYLE ISSUES

Trading hours 8h00-17h00 Mon to Fridays, Saturdays between 08h00 to 14h00 & Sundays closed.

REASON FOR SALE

Personal reasons which will be divulged to a serious buyer.

NON-DISCLOSURE AGREEMENT

The prospective purchaser will be required to sign an NDA before any further details will be released.

DUE DILIGENCE

The interested buyer would be afforded the opportunity to perform a full Due Diligence.

SALE CONDITIONS

No seller finance available. Buyer would have to bring 50% of the purchase price in unencumbered funds to the table.

PROOF of FUNDING REQUIREMENT

The seller will not provide any documentation, business details or financials and will not accept any offer unless an offer to purchase or letter of intent is in place and proof of unencumbered funding has been provided.

HANDOVER ARRANGEMENTS and TRAINING

There will be a stay-on period for training and handover.

Access a ''Contact Form'' where you can provide your own contact details and ask any relevant questions. The form will be sent directly and immediately to the seller of this business.

Record ID: 2969

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