Bumper Panelbeating And Spraying Business In West Rand For Sale

Business description

History Background
The business was started 16 years ago by the previous owner. The current owner has been in the business for the last 11 years. The business premisess is situated just off the main business road in a very busy part of town. The business is owner run and he is willing to stay on for a period to guide the new owner through the business processes. The owner manages all office duties, but his wife is doing the administration from home.
Present Market
The business repairs bumper and grills for all makes of motor vehicles as well as panelbeating and spraypainting for private customers and motor dealerships. The service is also expanded to a number of panelbeaters. The business is not listed as a vendor for insurance companies.
Staffing
Apart from the owner, the business currently employs 9 permanent and 2 temporary staff. The staff have all been with the business for a substantial period. Staff belong to the NUMSA trade union, which is customary for the industry. All the staff is fully trained and well aware of their responsibilities.The business also make use of a freelance representative to market the business as an independent service provider.
Premises
The property is approximately 800m2 and a yearly lease agreement is in place with an escalation of 10% per annum. The monthly rent amounts to R10 000 and with clever business principals the new owner may consider buying his own premises, probably with the same monthly cashflow.
Assets
A list of all assets to be part of the sale, is on file. All assets are in goor workable condition
S.W.O.T. Analysis
Strength - Excellent Location , close to a large number of 2nd hand car dealers. Opportunity - Apply for a panel approval with major insurance companies. Weakness - Rental space is already utilised to the fullest - BUT other premises in the area is available for rental or purchase. Threats - None that comes to mind
Reason For Sale
The owner is relacating to the coast, where he will start a venture in a different industry
Conclusion
The business has been in existance for 16 years with good growth in an industry that will never disappear. The business is priced reasonably well. An excellent buy for a person in the rat race looking to improve his/her own future requiring no specialist knowledge or training.

Other information

Furniture / Fixtures value:

R102,500 (included in the asking price)

Inventory / Stock value:

R10,000 (included in the asking price)