Durban Vehicle Spares And Auto Engineering Centre For Sale

Business description

Long established and profitable vehicle spares and auto engineering centre, with small electrical cable assembly capabilities, in far Outer West Durban. The business nets some R94 000 pm and is for sale at R2ml excl stock of R1.2ml; with the building/centre (including rental units) being available for some R3.2ml or on a rental basis.

Property information

Real Estate:

Real Property Included

Location:

Durban Outer West

Premises details:

Owns the building - lease or buy. 1 000m2 with 9% escalation pa. the building /centre (including rental units) being available for some R3.5ml or on a rental basis.

Size in square feet:

1000m2

Planning consent:

n/a

Business Operation

Expansion potential:

More business aligned work which could be obtained by wider marketing, especially as new large shopping centre is being built in far Outer West Durban

Competition / Market:

In engineering of parts - none, but one small parts supplier in area.

Reasons for selling:

Emigrating

Trading hours:

365 days a year. 8h00-17h00 and close 13h30 on Sat/Sun..

Employees:

Years service: between 2-10, with average of 5 years. 7 - auto spare shop; 4 - Engineering/vehicle repairs - 2 qualified engineering,1 artisan, 1 assistant; then 1 security.

Years established:

22 years and 12 with the present son.

Other information

Support & training:

Owner willing to introduce to suppliers and major clients, while staff are already well trained.

Furniture / Fixtures value:

R500,000 (included in the asking price)

Inventory / Stock value:

R1,200,000 (included in the asking price)

Relocatable:

This business can be relocated.