Top Class Auto Renovator Panelbeater For Sale

Business description

This auto renovating business has state of the art equipment to effect major structural repairs to body shell, floor panel and suspension, as well as, spray painting of vehicles. As a result of the quality standards achieved and reliable service, insurance companies, motor manufacturers and retailers and public utilities have accredited the business as a service provider. Consequently business is on-going.
PLEASE NOTE: The property forms part of the sale.Total selling price R3,600,000.

Property information

Location:

South Durban, South Africa.

Premises details:

The property is owned by the seller of the business and forms part of the sale.The selling price of the property is R2,365,000 + the business at R1,235,000 making a total selling price of R3,600,000.

The entire premises are secured with a concrete wall and fencing, with 24 hour armed response and a full time night watchman.
Since 1995 the owner has had a short term tenancy agreement with Durban Metropolitan Council on the neighbouring property to provide extra parking facilities at a cost of R1682.64 per month. This amount is included in the water & electricity expenses in the financial accounts.

Size in square feet:

1000m2

Planning consent:

n/a

Business Operation

Expansion potential:

Build stronger relationships with current client base; increase through-put with the current equipment and facilities; and a young dynamic owner could rejuvenate the business.

Competition / Market:

General industry competition, but not a great impact, as their accreditations ensures business is automatically generated from the client base. The business has an excellent reputation in the market and the equipment is state of the art and in good working order.

Reasons for selling:

Owner is 74 and wishes to retire.

Trading hours:

7.30am to 5pm - 5 days a week

Employees:

9 permanent employees (8-25 years service) and hire casuals as needed.

Years established:

29 years

Other information

Support & training:

Owner who is hands on would assit in training and introducing to clients; while staff are extremely experienced.

Furniture / Fixtures value:

R490,000 (included in the asking price)

Inventory / Stock value:

R170,000 (included in the asking price)