- Listing ID: 875364
- (Seller ref: PMAHIEC)
Tool And Plant Hire Business In Port Elizabeth For Sale
- Location:
-
- South Africa
- > Eastern Cape
- > Port Elizabeth
- > Port Elizabeth
- Category:
- Type:
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Summary
- Asking price:
- R3,500,000 (Furniture / Fixtures and Inventory / Stock included)
- Sales revenue:
- R1,800,000
- Cash flow:
- R864,000
- Franchise opportunity:
- Yes
- Years established:
- Established in June 2008.
- Employees:
- 3 Staff plus owner
- Relocatable:
- This business can be relocated.
Business description
This business forms part of a franchise group with 10 outlets nationally. The group is well known in the industry, and this particular business has shown good growth since opening in June 2008. The franchise group was established in 1987.
With more than R2.0 million in tools and plant, this business is well positioned to capitalise on the large market that exists. Price advantages, product availablility as well as geographic location ensure that this business operates at the top end of the market.
The business is conveniently located in one of the main roads in an industrial area in Port Elizabeth, ensuring convenience and ease of access for its customers.
Current sales average about R142,125 per month, with cost of sales amounting to less than R8,000 per month, and overheads averaging below R60,000 per month. Based on this, the business will generate in excess of R70,000 per month in cash flow.
Property information
- Real Estate:
- Lease
- Lease terms:
- 3 Year rental agreement in place with 9% escalation.
- Location:
- Well located in an industrial hub, with easy access to the highway, on a busy main route.
Other information
- Expansion potential:
- Sales are growing consistently, and the business is projected to do sales of R250,000 per month.
- Support & training:
- Franchisor training plus handover from owner.
- Reasons for selling:
- Owner busy finalising plans to emigrate
- Furniture / Fixtures value:
- R2,000,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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